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Trading Idea: Sell AIG

Posted By Guest Author On December 4, 2009 @ 11:00 am In Short Selling,Think Tank,Trading | Comments Disabled

12/3/2009

We have been watching AIG after it fell below its recent support (red lines on the attached chart) around $32.75…Now after almost a week of trying, and failing to move above (failing on higher volume) we now see AIG moving lower. Our first trading target would be low $20’s….and use the level of the breakdown as the stop…

As seen in the attached jpg AIG shares look ready to trend lower.

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AIG [1]

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Any questions, please contact Peter Greene
Fusion Analytics Securities
pgreene@fusioninvest.com


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