AMERICAN INTERNAT GROUP
(AIG-NYSE):
Technical Viewpoint: From a low
of $55.20 on May 9, 2003 prices
rallied, reaching a
high of $58.00
on May 16, 2003. A
decline saw prices pull back, reaching a
low of
$54.50 on May 20, 2003.
Another rally saw prices penetrate
resistance, closing 5/30/03
at $57.88. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 31, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $55.25. Resistance: Is at $58.00.
Point & Figure: Reversed to the upside on May 28, 2003. A P&F upside
reversal takes place at $55.50. Summary: Technical indicators have turned bullish. BUY! American Internat Group
(AIG-NYSE) @ $58.13 Stop: Use a protective stop of $55.63.
American Internat Group is currently trading @ $57.88 plus $1.63 on May 30, 2003. Price Objective:
$77.00. Risk/Reward: $2.50 VS. $18.88. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$77.00
Risk/Reward:
$2.50 VS. $18.88
Risk/Reward Ratio:
7:1
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