American International Group Breaks Above 200-Day Moving Average – Bullish for AIG
In trading on Tuesday, shares of American International Group Inc (Symbol: AIG) crossed above their 200 day moving average of $61.89, changing hands as high as $62.31 per share. American International Group Inc shares are currently trading up about 2% on the day. The chart below shows the one year performance of AIG shares, versus its 200 day moving average:
Looking at the chart above, AIG’s low point in its 52 week range is $57.85 per share, with $67.30 as the 52 week high point – that compares with a last trade of $62.33. According to the ETF Finder at ETF Channel, AIG makes up 7.42% of the iShares U.S. Insurance ETF (Symbol: IAK) which is trading higher by about 0.5% on the day Tuesday.
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