AIG is an interesting stock. It has been rocking around $25 - $30 on asset sales news. I don’t think this is a happy news. Though it reduces AIG’s debt burden, however, AIG is becoming a smaller and smaller company. It may end up selling all its assets and be left with nothing. No matter what, there are investors who are confident that AIG could rise to $100. For now, it is better to stay away from this stock. It may go to $100. When?
Technically, it has a bearish pattern, the stock has hit its 200SMA, and now it looks like it is going to fall to its 20sma. If you want to consider going long with AIG, there is a possible pull back to $27. Good luck with you AIG investment.
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