American Internation Group AIG Stock Analysis April 23, 2010

The following is American Intl Group, Inc. (AIG) technical analysis for April 23, 2010

American Intl Group, Inc. (AIG) Support & Resistance Levels - 4/23/10

Resistance Levels: $42.90, $45

Support Levels: $40

Chart - Courtesy of www.stockcharts.com

Shares of American Intl Group, Inc. continue but be very volatile but trend higher. A close above $41.80 would be bullish. Short term resistance is located at $42.90 but then I don't see anything until $45. This is a trading stock only for me.

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American Internation Group AIG Stock Analysis April 2010

The following is American Intl Group, Inc. (AIG) technical analysis for April 23, 2010

American Intl Group, Inc. (AIG) Support & Resistance Levels - 4/23/10

Resistance Levels: $42.90, $45

Support Levels: $40

Chart - Courtesy of www.stockcharts.com

Shares of American Intl Group, Inc. continue but be very volatile but trend higher. A close above $41.80 would be bullish. Short term resistance is located at $42.90 but then I don't see anything until $45. This is a trading stock only for me.

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AIG Stock Technical Analysis - 9/30/09

The following is technical analysis on American Intl Group, Inc. (AIG) stock for 9/30/09

American Intl Group, Inc. (AIG) Support & Resistance Levels - September 30, 2009

Resistance Levels: $47.49, $50, $54.40

Support Levels: $44.10, $42.91, $41.29

http://stockcharts.com - Chart

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American Intl Group, Inc. (AIG) is back making another retest of the 10 day moving average. A close below this level would be bearish. I will be watching for a break above Tuesday's high of $47.49. If AIG can get above $47.49, I will be a buyer for a trade. For More Technical Analysis - Go Here

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AIG Stock Analysis September 28, 2009 9/28/09

The following is technical analysis on American Intl Group, Inc. (AIG) stock for 9/28/09

American Intl Group, Inc. (AIG) Support & Resistance Levels - September 28, 2009

Resistance Levels: $46, $50, $54.40

Support Levels: $43.01, $41.26, $40

http://stockcharts.com - Chart

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American Intl Group, Inc. (AIG) is back testing the 10 day moving average at $43. This area should provide some nice support and as long as AIG can continue to close over it, I am bullish. $46 is now an important resistance level to watch on the upside. For a trade, I will buy AIG when it breaks above $46. For More Technical Analysis - Go Here

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AIG Stock Analysis September 21, 2009 9/21/09

The following is technical analysis on American Intl Group, Inc. (AIG) stock for 9/21/09

American Intl Group, Inc. (AIG) Support & Resistance Levels - September 21, 2009

Resistance Levels: $43.75, $45, $47.50

Support Levels: $40, $39.08, $38.00, $35.50

http://stockcharts.com - Chart

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American Intl Group, Inc. (AIG) has been subject to three downgrades over the past three weeks, all with price targets between $10-$15 yet AIG continues to hover around $40. What are they missing? Why does AIG continue to have strong technicals but so called horrible fundamentals?

AIG continues to trade over the 10 day moving average, a very bullish technical indicator. The 50 day moving average is breaking up through the 200 day moving average as we speak, something that hasn't happened in over a year. I am watching the $41.29 high from last week. When AIG breaks above $41.29, I plan to get back into the stock. Keep an eye on the $43.05 & $43.73 highs from Sept. If AIG breaks up through those, you know the stock is ready to resume the uptrend. For More Technical Analysis - Go Here

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AIG Stock Analysis September 8, 2009 9/8/09

The following is technical analysis on American Intl Group, Inc. (AIG) stock for 9/8/09

American Intl Group, Inc. (AIG) Support & Resistance Levels - September 8, 2009

Resistance Levels: $43.75, $45, $47.50

Support Levels: $40, $37.50, $36

http://stockcharts.com - Chart

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American Intl Group, Inc. (AIG) continues the nice bounce off the recent $32.66 low. Resistance is Friday's high of $43.73 as well as $47.50. Support is located right at $40 and $37.50. If $37.50 is broken, I am looking to Buy AIG stock between $35-$36 for a trade. I would also be buying a close over $45 and more on a break above the August high of $55.90. For More Technical Analysis - Go Here

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AIG Stock Analysis August 17, 2009 8/17/09

The following is technical analysis on American International Group ( AIG ) stock for 8/17/09

American Intl Group, Inc. (AIG) Support & Resistance Levels - August 17, 2009

Resistance Levels: $25, $26.50, $28.20

Support Levels: $23.52, $23.00, $21.30

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AIG is pulling back to a major support level between $23-$24. The 10 day moving average is located at $22.71 but rising every day. I will be waiting for AIG to break back above $25 before I buy the stock and will add to my position when AIG breaks $26.50.

When AIG breaks out and closes above $30, I think it could atleast run to $35. If AIG closes below $21.30, I will be avoiding the stock altogether. For More Technical Analysis - Go Here

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AIG Stock Analysis August 10 2009 8/10/09

The following is technical analysis on American International Group ( AIG ) stock for 8/10/09

AIG Support & Resistance Levels - August 10, 2009

Resistance Levels: $28, $29, $29.39

Support Levels: $24, $23

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AIG stock is finally back to pre split levels. There is major resistance at the $29-$30 level but then nothing major until $35. AIG finally closed over the 200 day moving average for the first time since last fall. This is another bullish signal going forward. Support is located $23-$24. AIG will be a great trading stock for weeks to come so keep it on your watchlist. For More Technical Analysis - Go Here

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AIG Stock Analysis August 5, 2009 8/5/09

The following is technical analysis on American International Group ( AIG ) stock for 8/5/09

AIG Support & Resistance Levels - August 5, 2009

Resistance Levels: $19.58, $22.96, $23.10

Support Levels: $18.31, $16.20, $14

http://stockcharts.com - Chart

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American International Group, Inc. (AIG) stock is soaring today on short covering and overall better market conditions. AIG is also still down from the $23.10 price it should have opened up on the day of the reverse split. On that day, AIG opened at around $17.50 and hit a high of $22.96 before plunging below $10 days later.

Today we broke three major resistance levels so far, $14 ( weekly resistance ) - $16.20 (July 14th resistance ) - and $18.31 from July 6th.

The next major resistance level I am watching is the high 1 day after the reverse split which was $19.58. I feeling that if we can close above $19.58, we can retest $22.96 sometime soon. The volume is higher, the surge is great....I am in the stock. If we would break up through $23.10....I will come back and update...don't want to get to crazy with price targets yet. Yes the move today is huge, but we are only getting back to even from the start of July. I am in AIG for a trade only, I am not a long term investor

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Why is AIG Stock going Down in July 2009?

American International Group, Inc. (AIG) stock has been going down all week after the 1:20 reverse split on July 1, 2009. The first sign that things were really bad was when AIG stock opened up at $17.50 when it should have been trading around $23 after the split. The smart traders investors sold at the open when the stock rallied back up near $23. Since the climb to $23, AIG has been falling each and every day.

On July 9, 2009 - a Citigroup analyst released the following piece of news. American International Group broke $10 and is now trading below $9. For a trade, I would buy a break back up through $10 but would sell quickly when I made profits.

Strong Chance AIG Equity May Be Worthless, Citigroup Says - There's a significant chance that American International Group Inc.'s (AIG) equity may be worthless, a Citigroup analyst said Thursday. Analyst Joshua Shanker wrote in a research note that there's a 70% chance that AIG's equity is worthless due to more losses on credit default swaps, and "management's increased openness to disposing of businesses at low valuations."

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AIG Reverse Stock Split July 1, 2009 7/1/09

American International Group, Inc. (AIG) stock is significantly higher today due to a reverse stock split voted at the annual shareholders meeting yesterday. As of 7:42am EST on July 1, 2009, AIG shares are trading at $20.33 but will adjust as pre market opens. AIG has voted on a 1-20 reverse stock split. The amount of your shares decreases by 20 times while the stock price increases by 20 times. AIG stock should open and trade around $23.20 given the $1.16 close on June 30.

AIG Reverse Split - 7/1/09

Approved by a vote of 12,133,960,487 shares for and 228,802,024 shares against, with 46,155,155 shares abstaining, a proposal to amend AIG’s Restated Certificate of Incorporation to effect a reverse stock split of AIG’s outstanding common stock at a ratio of one-for-twenty

AIG shareholders press release

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AIG Stock Analysis May 5, 2009 5/5/09

The following is technical analysis on American International Group ( AIG ) stock for 5/05/09

AIG Support & Resistance Levels - May 5, 2009

Resistance Levels: $2.00, $2.12

Support Levels: $1.50

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AIG stock spiked late in the day and closed over the 10 day moving average on a report that AIG will not need a new bailout. I am watching the resistance levels of $1.78 & $2.00. A close over $2.00 and I will be getting long AIG stock as I believe a break out will occur. If the above plays out, I am looking at $2.12 and $2.84 as potential upside targets. You atleast have an exit plan by putting a stop at $1.99.

Watching for a up big volume day of 200 million +

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AIG Stock Analysis April 16, 2009 4/16/09

The following is technical analysis on American International Group ( AIG ) stock for 4/16/09

AIG Support & Resistance Levels - April 16, 2009

Resistance Levels: $2.00, $2.12

Support Levels: $1.50

http://stockcharts.com - Chart

AIG stock is exploding higher in pre market today....I am watching the $2 level very closely. If AIG can break above $2, I think you could see some real fireworks. Keep in mind, I rather trade Citigroup since the government has less ownership but for a trade, I am willing to trade AIG stock.
On the downside, $1.50 must hold or else AIG will retest the 10 day moving average. If $2 is broken, I will be watching what happens at $2.12 and then $2.25-$2.50 will most likely be tested. For More Technical Analysis - Go Here

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AIG FRE FNM CTIC Stock April 14, 2009

After an incredible Goldman Sachs ( GS ) earnings report last night, Shares of Citigroup ( C ) are flying in pre market. This is causing some other government backed stocks to surge as well.

Citigroup Technical Analysis: Click Here


American International Group ( AIG ): AIG stocks is trading at $1.61 in pre market trading. I am watching support at $1.54, if this continues to hold, look for the $2.00 high to be tested. If $2 is closed over, look for $2.12 and then $2.84. Support at $1.00 has been solid over the past month.

Freddie Mac ( FRE ) - FRE stock is trading at $1.04....watch the major resistance level of $1.50 but a close over $1.25 will get Freddie moving.

Fannie Mae ( FNM ) - FNM stock is trading at $1.03 in pre market, I am also watching $1.25 and major resistance at $1.43....a break up through this level would be huge!!

Cell Therapeutics, Inc. (CTIC) - CTIC crashed yesterday but is rebounded on the following news. I won't get interested again until CTIC breaks up through $0.45.

Also: Cell Therapeutics Initiating Rolling NDA Submission for Pixantrone

Etrade Financial ( ETFC ) - Etrade is gapping over the 200 day moving average at $1.97. This will act as support during the trading day today. Next resistance levels are $2.24 and $2.85


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AIG Stock Analysis March 30, 2009 3/30/09

The following is technical analysis on American International Group ( AIG ) stock for 3/30/09

AIG Support & Resistance Levels - March 30, 2009

Resistance Levels: $1.22, $1.25, $1.54, $2.00

Support Levels: $0.93, $0.75, $0.50

http://stockcharts.com - Chart

AIG failed to hold the 10 day moving average on a closing basis and is now testing the 50 day moving average. If this area ( currently 0.93 ) does not hold, AIG could be headed back to the $0.50-$0.75 range. On the upside, there will be resistance between $1.22-$1.25, a close above this area would be bullish and bring in additional buyers. The good news is AIG held the 50 day moving average on Friday!

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AIG Stock Analysis March 24, 2009 3/24/09

The following is technical analysis on American International Group ( AIG ) stock for March 24, 2009.

AIG Support & Resistance Levels - 3/24/09

Resistance Levels: $2.00, $2.12

Support Levels: $1.06, $1.00

http://stockcharts.com

AIG stock has closed over the 50 day moving average for the 4th straight day, something that hasn't happened since last July. The 10 day moving average is getting ready to cross the 50 day moving average, another bullish signal. At this point, I would be watching $0.95-$1.00 as support and yesterday's high of $1.54 as resistance. A break above $1.54 would be huge and AIG could retest $2.00. It finally seems as though the AIG stock bottom is in at $0.33. For More Technical Analysis - Go Here

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AIG Stock Analysis March 23, 2009 3/23/09

The following is technical analysis on American International Group ( AIG ) stock for March 23, 2009.

AIG Support & Resistance Levels - 3/23/09

Resistance Levels: $2.00, $2.12

Support Levels: $1.06, $1.00

http://stockcharts.com

AIG remains over the 50 day moving average...something that hasn't happened for a long time. AIG has support around the $0.96-$1.00 level, a close below $0.96 would be viewed as bearish and the 10 day moving average would be tested. At this point, I am watching both the 10 and 50 day moving averages closely. If AIG can hold these two moving averages on a closing basis this week, I think we could see another retest of $2.00 soon. I couldn't help but notice the huge buying last week in AIG stock...it wasn't all short covering! A break above $2.00 would be huge and American International Group could rise to the next major resistances at $2.12 and $2.84. I will have more chart updates this week. For More Technical Analysis - Go Here

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AIG FNM FRE Stock 3/20/09 March 20, 2009

It's going to be a rough day tomorrow for American International Group ( AIG ), Fannie Mae ( FNM ), Freddie Mac ( FRE ), and Sirius Satellite Radio ( SIRI ).

All four stocks are down in afterhours trading tonight 3/20/09.


Fannie and Freddie are down due to profit taking and the fact that CNBC's Jim Cramer said tonight they are worth Zero.

AIG Stock is down due to profit taking and the fact that Washington is all over them with the bonus issue.

Sirius Satellite Radio ( SIRI ) is down tonight due to profit taking and the fact that it has doubled in three days.

After Market Stock Quotes/Prices

American International Group ( AIG ) - $1.48 Down 8.64%
Freddie Mac ( FRE ) - $0.91 Down 9.94%
Fannie Mae ( FNM ) - $0.89 Down 8.25%
Sirius Satellite Radio ( SIRI ) - $0.30 Down 7.69%

Palm ( PALM ) - $7.26 Down 5.84% - Palm loss widens significantly as sales plunge


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AIG Stock Analysis March 18, 2009 3/18/09

The following is technical analysis on American International Group ( AIG ) stock for March 18, 2009.

AIG Support & Resistance Levels - March 18, 2009

Resistance Levels: $10.36, $11.00, $12.53

Support Levels: $9.7-, $9.50, $8.75, $8.00

http://stockcharts.com - Chart

AIG has had a huge short squeeze today and is back over the 50 day moving average. This 50 day moving average now becomes support at around $0.97-$1.00. A close under this level would be bearish.

On the upside, AIG has resistance at $1.50, $1.70, and then $2.12 which was the high back in December.

AIG stock is looking very overbought but can remain this way for a very long time until the buying frenzy ends. Keep an eye on the $1.00 level going foward! For More Technical Analysis - Go Here

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AIG Loss, Bailout 3/2/09 March 2, 2009

AIG reported a 61 billion dollar loss for the 4th quarter and received a separate bailout today, March 2, 2009. In an effort to stop systemic risk, AIG will receive an additional 30 billion to stop the damaged insurer from going bankrupt.

American International Group's ( AIG ) stock price is actually going up on this news in pre market trading while futures tank. AIG is trading at $0.52 - Up 24%.

As part of the latest bailout effort, the Fed will reduce a $60 billion credit facility in exchange for taking a preferred interest in AIG subsidiaries American Life Insurance Company and American International Assurance Company. The credit line will not fall below $25 billion.

CNBC's Steve Leisman said that for many years AIG took huge risk with no regulation and when the music stopped, there wasn't even a chair in the room to sit down on.

You can read additional details Right Here

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