American International Group, Inc. (AIG) surged higher in recent intraday trading, supported by the emergence of a bullish crossover on momentum indicators after they had reached excessively oversold levels relative to the stock's price action. This development signals the arrival of strong positive momentum that could help extend the stock's gains in the near term. The latest advance also enabled the stock to break above its 50-day Simple Moving Average (SMA), eliminating a key source of negative pressure. In addition, the stock is now challenging a major short-term descending trendline.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $73.80 holds firm. Under this scenario, the stock is expected to target the $80.50 resistance level.

Today's price forecast: Bullish.