By: Scott Redler
…as long as its in play.
We have caught the technical trading move in AIG for the past year. HERE WE GO AGAIN! AIG broke its downtrend on February 10th–we traded it through $25. Now it held higher and it looks like the momentum might be coming in. We got involved back around $27-27.50 and see the potential for an easy move up to $32-35.
P.S. many are inclined to call this a “garbage stock”–I agree, but one man’s garbage is another man’s treasure.
