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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
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.
Any questions, please contact Peter Greene
Fusion Analytics Securities
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