American International Group Inc (AIG) Up 0.32%, Price Base in Formation Over Past 30 Days; Eyes 20 Day Average

American International Group Inc 4 Hour Price Update

Updated July 29, 2020 04:34 PM GMT (12:34 PM EST)

AIG’s price is up $0.63 (2.04%) over the past four hours of trading. For context, American International Group Inc’s peers in the in the Insurance industry are up 0.81% on average in this time, while its counterparts in the broader Financial Services sector are up by an average of 0.7%.

American International Group Inc Daily Price Recap

American International Group Inc’s 3 day negative streak has officially concluded, as the candle from yesterday closed up 0.32% ($0.1). The price move occurred on stronger volume; specifically, yesterday’s volume was up 1.48% from the day prior, and up 20.46% from the same day the week before. Here is a daily price chart of American International Group Inc.

AIG

American International Group Inc Technical Analysis

Notably, American International Group Inc is now close to its 20 and 50 day averages, located at 30.8 and 31.48 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that American International Group Inc’s price has gone up 5 of the previous 10 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to AIG:

    $AXP It’s a good company, I have their cards. But with the available rewards heavily weighted to travel I end up using others. Although I do like their classic platinum card, because you have to pay the whole thing every month. It’s like a stress test the FED does to banks (Ouch!) I think they will be just fine. These loan losses are common figures and sometimes their better or worse than others. Just ask $TRV $AIG they have hurricanes every year and riots to come off the bottom line. Amex should start selling cars like the banks started doing a couple of weeks ago in case you haven’t noticed. @jimcramer @blondegirl

    Smithatude