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American Stocks Analysis
May 8, 2024 7:30 AM

American International Groups stock price (AID) kept rising in the intraday levels, amid the total dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive pressure from the 50-day SMA, confirming the breach of the pivotal resistance of $78.95, with negative signals from the RSI after reaching overbought levels, hindering gains.

Therefore we expect more gains for the stock, targeting the resistance of $83.60, provided it settles above $78.95.

Trend forecast: Bullish

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