AIG closes above its opening price after recovering from early selling pressure
AIG finished the week -2.67% lower at 52.22 after gaining $0.22 (0.42%) today. Trading up to $0.39 lower after the open, the share managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Ending with a strong close near the high of the day sets a bullish note for the next session.
Friday's trading range was $1.02 (1.98%), that's slightly above last trading month's daily average range of $0.93. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being above average.
Prices are trading close to the key resistance level at 52.53.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for American International Group, Inc.
|Close to R1 Resistance||TQ Pro Members Only|
|Gap Up||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|Bounced off Technical Resistance R1||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
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