Stock of the day: AIG

In today’s Stock of the Day, let’s focus on AIG, a stock that is demonstrating remarkable resilience despite broader market struggles. While many stocks on the U.S. exchanges are facing pressure, AIG has managed to maintain a clear uptrend and continues to climb higher.

The latest buy signal was triggered at the end of February, when the price broke above the green downtrend line and surpassed the blue horizontal resistance. Now, this resistance has turned into a key support level, and the recent test has been positive for buyers. The price bounced off this area, confirming its strength, and is pushing higher.

As long as AIG remains above the green and blue support levels, the sentiment remains bullish, with room for further gains. However, if the price breaks below these supports, it would signal a shift in momentum and open the door for a potential sell-off.

Source: https://www.axiory.com/analytics/stock-of-the-day/stock-of-the-day-aig-2