AIG pushes through previous session high
American International Group Inc. (AIG) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, AIG ended the week -0.78% lower at 53.25 after gaining $0.58 (1.1%) today. Today's closing price of 53.25 marks the highest close since September 7th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 52.94, the share confirms its breakout through the prior session's high having traded $0.55 above it intraday.
Daily Candlestick Chart (AIG as at Sep 14, 2018):
Friday's trading range was $1.07 (2.04%), that's far above last trading month's daily average range of $0.77. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.
After having been unable to move lower than 52.38 in the previous session, American International found buyers again around the same price level today at 52.42. After spiking up to 53.49 during the day, the stock found resistance at the 20-day moving average at 53.28.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.