Quick observation: AIG is turning up from a base and is lagging far behind TRV which has already returned to its highs.
I would risk a drop back under the EARNINGS SUPPORT line about 2% lower (but use a 4% or so stop loss) and target a rally to the 60-62 area, up more than 6-7 points or 13%.
Keep an eye on TRV to make sure it holds up against the highs or else AIG will likely turn back down. What we want to see is a gradual 'catch-up' as investors slowly sell out of their TRV positions are re-position into AIG.
The valuation of AIG seems less solid than TRV which earns steady returns while AIG's quarterly earnings are more volatile.
Do your own due diligence:
Tim
53.76 last AIG 10:35AM EST 3/18/2016
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Working very nicely. AIG up and TRV flat.
Trade closed manually
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AIG has had a nice surge from the base and I'm happy to bank the profit here and find other compelling values. There are plenty of other stocks with more earnings and therefore a better "value" than AIG. I hope you all did well on this position.
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58.29 last AIG- up roughly 10% from entry
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IvanLabrie
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Terrific move so far.
A-shot
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I see lately you use volume profiles a lot - you consider them quite useful?
timwest
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Absolutely, volume profile is extremely helpful. I believe that time is more important than volume, so I look forward to when my "time profiles" get programmed so I don't have to look at volume, but for now, volume is a rough approximation of time. High and low values are important.