American International Group, Inc.(AIG) is in an downtrend but momentum is showing some life

(31-Mar-2008) (31-Mar-2008) American International Group, Inc.(AIG) closed at 42.8, down -0.66 or -1.52 % today. Based on our analysis, American International Group, Inc.(AIG) is in an downtrend but momentum is showing some life.

The closing price of American International Group, Inc.(AIG) is below its 50 day moving average of 48.37 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that American International Group, Inc.(AIG) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 20-Mar-2008, about 7 trading days ago.