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Stock Pick of the Day - American Internation Group Inc.
Mar 11, 2010

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Larry Swing

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Stock Pick of the Day

American International Group Inc)

Closing Price: $36.24

RSI: 72.19

MACD: 1.30

American International Group Inc) soared 10% to $36.24 in trading on Wednesday, to become the leading gainer amongst the financial stocks. Taiwan’s financial regulator will brief lawmakers tomorrow on the conditions needed to allow the U.S. insurer to sell its local unit to Primus Financial Holdings Ltd. and China Strategic Holdings Ltd. for $2.15 billion.

As American International Group Inc. (AIG) has climbed close to 40% over the past one week, American International Group Inc.’s (AIG) daily chart has moved out of the symmetrical triangle formation with its 20 MA and 50 day MA after a long gap. The stock is now in a breakout zone, and traders could go long till it touches around $40.

...thanks for the trust you've shown in me and my business.

by Larry Swing
larry@mrswing.com
May the swing be with you...

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AIG
C:27.3500

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