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American International Group(AIG - Get Report) is an international insurance company, serving customers in more than 130 countries. This stock is trading up 1.8% at $35.06 in recent trading.
Today's Volume: 28.5 million
Average Volume: 19.1 million
Volume % Change: 206%
Shares of AIG are moving modestly higher here after the company said the U.S. government is no longer the majority owner, after the Treasury Department wrapped up a planned sale of AIG stock, which netted the government around $20.7 billion.
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From a technical perspective, AIG is trending higher here with above-average volume. This move is quickly pushing AIG within range of triggering a major breakout trade. That trade will hit once AIG clears some near-term overhead resistance at $35.36 with high volume. At last check, AIG has hit an intraday high of $35.42 and volume is well above its three-month average action.
Traders should now look for long-biased trades in AIG once it sustains a move or close above $35.36 with volume that's near or above 19.1 million shares. If that breakout triggers soon, then AIG will have a great chance of hitting $40 to $45 in the near future.