Michael_Macdonald-XATSUK

AIG showing signs of multi-month improvement

NYSE:AIG   American International Group, Inc. New
AIG was hit particularly heavily in the 2007-2008 mortgage crisis, and whilst other names, such as JPM have managed to recover, American International Group has been a stark underperfromer.

There are early signs of improvement, however, as prices begin to push above the critical USD64.93 year high of July 2015, with rising studies suggesting further gains in the coming months towards significant resistance at USD80.00. Still higher is the October 2008 high.

It would seem Hedge Funds and Asset Management teams will likely further increase their exposure in AIG , and this could help to maintain, or even catalyse, the implied rally.