Insurance Technology Industry News

TMCNet:  Upgrade Alert for American International (AIG)

[December 05, 2012]

Upgrade Alert for American International (AIG)

Dec 05, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- American International (NYSE:AIG) was upgraded from Hold to Buy at Argus Research today. The stock closed yesterday at $33.32 on volume of 13.8 million shares, below average daily volume of 19.5 million. There is potential upside of 17.9% for shares of American International based on a current price of $33.32 and an average consensus analyst price target of $39.28. American International shares should encounter resistance at the 50-day moving average (MA) of $33.78 and support at its 200-day MA of $31.91.

Over the past year, American International has traded in a range of $22.19 to $37.67 and closed yesterday at $33.32, 50% above that low. The 200-day and 50-day moving averages have moved 0.31% higher and 0.23% lower over the past week, respectively.

American International Group, Inc. is a holding company which, through its subsidiaries provides a varied range of insurance and insurance-related activities in the United States and abroad. The Company's main activities include both general insurance and life insurance & retirement services operations as well as financial services and asset management.

SmarTrend is monitoring the recent change of momentum in American International. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of American International in search of a potential trend change.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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