American International Group (AIG) NewsBite - AIG Is On the Move

Posted: Monday, September 21, 2009 10:22 AM EDT

American International Group (AIG) appears to be on the move today and is now at $44.87, up $4.96 (12.43%) on volume of 17,425,452 shares traded. Over the last 52 weeks the stock has ranged from a low of $6.60 to a high of $114.00. AIG was covered in a Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw092109 . American International Group stock has been showing support around $38.26 and resistance in the $41.62 range. Technical indicators for the stock are bearish and S&P gives AIG a negative 2 STARS (out of 5) sell 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 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

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