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AIG Chart

 
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arthur
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PostPosted: Sat Apr 02, 2005 4:11 pm    Post subject: AIG Chart Reply with quote
AIG, a Dow component, fell sharply recently, because of possible obstruction of justice charges, to go with its accounting scandal. Even with criminal charges, AIG may bounce short-term. The weekly chart shows a severely oversold oscillator (ULT). Also, the current price is outside the outer limit of the 20 week Bollinger Bands. Moreover, AIG is a long-term hold, because the potential criminal charges are unlikely to affect earnings substantially.

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