American International Group (AIG) NewsBite - AIG Covered In Bloomberg Video Report Today

Posted: Friday, October 03, 2008 1:36 PM EDT

American International Group (AIG) was covered in a Bloomberg Video Report today and the stock is now at $4.84, up $0.84 (20.93%) on volume of 132,527,992 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $1.25 to a high of $70.13. American International Group stock has been showing support around $3.40 and resistance in the $4.70 range. Technical indicators for the stock are neutral and S&P gives AIG a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on AIG the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 4 range. [ABR-Seven Summits Strategic Investments NewsBite]

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