The bearish DailyPlay we chose for Thursday April 13th is AIG (AIG). AIG is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 6.04% move lower and its 1m and 6m trend has turned bearish on 3/21 while breaking below its $23.40 support level.
AIG’s 1m and 6m trends turned bearish on 3/31 and recently broke below its $61 support level on high volume. With a technical score of 3 (out of 10), AIG is a bearish stock that looks to continue lower.
As a stop loss, if AIG was to trade above $61 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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