Monday, April 17, 2017 11:08:15 AM
Traders and investors should note that the leading insurance company stock American International Group, Inc. (NYSE:AIG) has been declining lower since the start of the year. In January 2017, AIG stock was trading as high as $67.47 a share. Today, AIG stock is trading lower by $59.43 a share. Many traders and investors are now wondering if this leading insurance stock is now trading at an attractive level. Well, the chart is telling us there should be a little bit more downside in the cards for AIG stock.
The weekly chart of AIG is signaling a major support level around the $58.00 area. This price level is where the institutional money was injected into the stock back in November 2016. If you look at the chart below you will clearly see the big weekly chart reversal pattern that occurred. Often the institutional money will support the stock when this level is retested. Please understand, AIG will report earnings on May 3, 2017. So there is a good chance this level could be tested around that time of the earnings release. Either way, the $58.00 area is a solid buy level for the stock.
Chart: http://www.inthemoneystocks.com/images/aig%204.17.17.png
Nicholas Santiago
InTheMoneyStocks
Recent AIG News
- AIG Reports Strong First Quarter 2024 Results • Business Wire • 05/01/2024 08:16:00 PM
- AIG Appoints Kelly Lafnitzegger Executive Vice President and Chief Human Resources & Diversity Officer • Business Wire • 04/29/2024 08:20:00 PM
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- AIG Announces Leadership Change • Business Wire • 04/22/2024 11:30:00 AM
- コアブリッジ・ファイナンシャル、英国の生命保険事業のアビバへの売却を完了 • Business Wire • 04/09/2024 01:10:00 PM
- Corebridge Financial achève la vente de ses activités d’assurance vie au Royaume-Uni à Aviva plc • Business Wire • 04/09/2024 11:07:00 AM
- Corebridge Financial schließt den Verkauf des britischen Lebensversicherungsgeschäfts an Aviva plc ab • Business Wire • 04/09/2024 11:07:00 AM
- Corebridge Financial Completes Sale of UK Life Insurance Business to Aviva plc • Business Wire • 04/09/2024 06:19:00 AM
- AIG to Report First Quarter 2024 Financial Results on May 1, 2024, and Host Conference Call on May 2 • Business Wire • 04/03/2024 08:38:00 PM
- AIG Reports Excellent Fourth Quarter and Full Year 2023 Results • Business Wire • 02/13/2024 09:16:00 PM
- Chris Inglis Elected to AIG’s Board of Directors • Business Wire • 02/07/2024 09:16:00 PM
- AIG to Redeem its Series A Preferred Stock, Represented by Depositary Shares • Business Wire • 01/31/2024 09:16:00 PM
- AM Best Upgrades Issuer Credit Ratings for American International Group, Inc. and Its Property/Casualty Subsidiaries • Business Wire • 01/26/2024 08:50:00 PM
- AIG to Report Fourth Quarter and Full Year 2023 Financial Results on February 13, 2024, and Host Conference Call on February 14 • Business Wire • 01/16/2024 09:16:00 PM
- AIG Announces Closing of Secondary Offering of Corebridge Financial, Inc. Common Stock • Business Wire • 12/05/2023 02:22:00 PM
- Jimmy Dunne Elected to AIG’s Board of Directors • Business Wire • 12/04/2023 02:00:00 PM
- AIG Announces Pricing of Secondary Offering of Corebridge Financial, Inc. Common Stock • Business Wire • 12/01/2023 02:07:00 PM
- AIG Announces Launch of Secondary Offering of Corebridge Financial, Inc. Common Stock • Business Wire • 12/01/2023 11:08:00 AM
- Rose Marie Glazer Named General Counsel of AIG • Business Wire • 11/30/2023 09:16:00 PM
- AIG Announces Reference Yields and Total Consideration for its Tender Offer for Debt Securities • Business Wire • 11/21/2023 09:11:00 PM
- AIG Announces Early Results and Upsizing of Its Tender Offer for Debt Securities • Business Wire • 11/21/2023 01:30:00 PM
- AIG Appoints Roshan Navagamuwa as Executive Vice President and Chief Information Officer • Business Wire • 11/15/2023 09:16:00 PM
- AIG Announces Closing of Secondary Offering of Corebridge Financial, Inc. Common Stock • Business Wire • 11/08/2023 09:16:00 PM
- AIG Commences Cash Tender Offer for Debt Securities • Business Wire • 11/06/2023 09:15:00 PM
- AIG Announces Pricing of Secondary Offering of Corebridge Financial, Inc. Common Stock • Business Wire • 11/06/2023 02:11:00 PM
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