AMERICAN INT'L GROUP
(AIG-NYSE):
Technical Viewpoint: From a low
of $79.62 on Feb 22, 2001 prices
rallied, reaching a
high of $85.40
on Feb 28, 2001. A
decline saw prices pull back, reaching a
low of
$72.62 on Mar 22, 2001.
Another rally saw prices penetrate
resistance, closing 4/2/01
at $82.95. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 27, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $79.50. Resistance: Is at $84.50.
Point & Figure: Reversed to the upside on Mar 23, 2001. A P&F upside
reversal takes place at $81.00. Summary: Technical indicators have turned bullish. BUY! American Int'l Group
(AIG-NYSE) @ $83.75 Stop: Use a protective stop of $80.87.
American Int'l Group is currently trading @ $82.95 plus $2.45 on Apr 2, 2001. Price Objective:
$96.00. Risk/Reward: $2.87 VS. $12.25. Today's Risk Reward Ratio: 4:1
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