TradersHuddle Scanner - High Volume For AIG
Published on Thursday, 05 April 2012 11:38 Written by TradersHuddle Wire
New York, April 5th (TradersHuddle.com) - Unusual high volume detected on shares of American International Group, Inc. (NYSE:AIG) early in the trading session. The pace in volume of AIG is already above average, with buyers stepping in, as the stock is 5.35% higher.
American International Group, Inc. (NYSE:AIG) through its subsidiaries provides a varied range of insurance and insurance-related products in the United States and abroad. The Company's main activities include both general insurance and life insurance & retirement services operations as well as financial services and asset management. AIG participates in the credit default swaps and mortgage backed securities markets.
AIG has already traded 4.603 times its 3-month average volume and has calculated support and resistance at $27.60 and $30.45 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.
The overall market index S&P 500 is trading higher by 0.07% from its previous trading close, which means that AIG stock is outperforming the overall market.