American International Group, Inc (AIG) - Keeping Its Head Above Water
The S&P500 may have been down for the day but American International Group, Inc (AIG) managed to close higher thanks to an earnings report. AIG today reported a $1.45bn first-quarter profit.
Looking at the above chart of AIG you'll notice that this stock is doing a good job at staying above its 50 day moving average. In the lower panel is the on balance volume indicator which is showing a bullish pattern. Prices have been moving lower but OBV is moving higher forming a bullish divergence. In fact, the OBV line is about to breakout to a new high.
If you are looking to buy something, this might be a good stock to keep on your buy list when the time is right to dabble on the long side. Today American International Group, Inc (AIG) closed at 38.70 up 5.31% form yesterday's close.
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4 comments:
Kevin,
Your posts have been right on the money. I have noticed that you are posting more frequently. Thank you.
-Traderwannabe
Thanks... If I have the time and I see some trading oppotunities, I do my best to post them in a timely manner.
Thanks for this advice. I normally use bullrally.com because I normally invest in penny stocks, but I am looking to invest in larger stocks recently, so I may take your advice. Thanks for the tip.
Kevin
Where did that chart of the 4 years cycle go?
We must be getting close
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