AIG's most recent trend suggests a bullish bias. One trading opportunity on AIG is a Bull Put Spread using a strike $55.50 short put and a strike $50.50 long put offers a potential 8.7% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $50.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for AIG is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for AIG is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for AIG
U.S. loses bid to dismiss ex-AIG CEO's $25 billion lawsuit over bailout
Tue, 26 Aug 2014 22:32:09 GMT
U.S. loses bid to dismiss ex-AIG CEO's $25 billion lawsuit over bailout
Tue, 26 Aug 2014 22:28:06 GMT
Reuters – Court of Federal Claims said the case brought by Greenberg's Starr International Co on behalf of itself and other AIG shareholders involves “complex financial and economic issues” that deserve analysis and testimony from qualified expert witnesses. “The decision speaks for itself,” David Boies, a lawyer for Starr and Greenberg, said in a statement. Starr sued in 2011, contending that the $182.3 billion bailout was an illegal taking that violated its due process rights under the Fifth Amendment of the U.S.
AIG Hits New 52-Week High Post Strong Q2 Earnings & Outlook
Tue, 26 Aug 2014 21:27:58 GMT
U.S. loses bid to dismiss ex-AIG CEO's $25 bln lawsuit over bailout
Tue, 26 Aug 2014 20:37:26 GMT
Reuters – A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice “Hank” Greenberg, the former chief executive of American International Group, over the insurer's government bailout, clearing the way for a Sept. 29 trial. Court of Federal Claims said the case brought by Greenberg's Starr International Co on behalf of itself and other AIG shareholders involves “complex financial and economic issues” that deserve analysis and testimony from qualified expert witnesses. A spokeswoman for David Boies, a lawyer for Starr and Greenberg, had no immediate comment. Starr sued in 2011, contending that the $182.3 billion bailout was an illegal taking that violated its due process rights under the Fifth Amendment of the U.S.
AIG Releases 2013 Corporate Citizenship Report
Tue, 26 Aug 2014 19:40:00 GMT
Business Wire – American International Group, Inc. today announced the release of its 2013 Corporate Citizenship Report, which showcases the company’s governance, environmental, and soc
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