American International Group (AIG) – Rate Cut Survivor – June 14th, 2019
The bullish DailyPlay we chose for Friday, June 14th is American International Group (AIG). AIG is part of the Financial Sector (XLF). XLF has rallied 1.08% higher over the past month and its 1m and 6m trend turned bullish on June 4th while breaking above its $27 resistance level.
American International Group’s 1m and 6m trends turned bullish on June 3rd while breaking above its $52.50 resistance level. With a technical score of 10 (out of 10), AIG is a strong stock that will likely continue higher.
As a stop loss, if AIG was to trade below $52.50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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