AMERICAN INTERNAT GROUP
(AIG-NYSE):
Technical Viewpoint: From a low
of $51.88 on Oct 10, 2002 prices
rallied, reaching a
high of $66.05
on Oct 28, 2002. A
decline saw prices pull back, reaching a
low of
$61.00 on Nov 1, 2002.
Another rally saw prices penetrate
resistance, closing 11/15/02
at $67.89. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 16, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $63.40. Resistance: Is at $68.01.
Point & Figure: Reversed to the upside on Nov 15, 2002. A P&F upside
reversal takes place at $64.00. Summary: Technical indicators have turned bullish. BUY! AMERICAN INTERNAT GROUP
(AIG-NYSE) @ $68.13 Stop: Use a protective stop of $65.63.
AMERICAN INTERNAT GROUP is currently trading @ $67.89 plus $2.14 on Nov 15, 2002. Price Objective:
$82.00. Risk/Reward: $2.50 VS. $13.88. Today's Risk Reward Ratio: 5:1
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