From a technical perspective, APA is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last month and change, with shares soaring higher from its low of $67.91 to its intraday high of $85.49 a share. During that uptrend, shares of APA have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of APA within range of triggering a major breakout trade.
If you're in the bull camp on APA, then look for long-biased as long as this stock is trending above $83.80 and then once it breaks out above some near-term overhead resistance at $86.11 high volume. Look for a sustained move or close above $86.11 a share with volume that registers near or above its three-month average action of 3.56 million shares. If that breakout triggers soon, then APA will set up to re-test or possibly take out its next major overhead resistance levels at $88.64 to $94.22 a share.American International Group A financial services player that insiders are active in here is American International Group (AIG), which is engaged in insurance and insurance-related activities in the U.S. and abroad. Insiders are buying this stock into notable strength, since shares are up 27% so far in 2013. American International Group has a market cap of $66 billion and an enterprise value of $62 billion. This stock trades at a premium valuation, with a trailing price-to-earnings of 29.59 and a forward price-to-earnings of 10.86. Its estimated growth rate for this year is 6.9%, and for next year it's pegged at -29.78%. This is a cash-rich company, since the total cash position on its balance sheet is $49.11 billion and its total debt is $45.27 billion. After you back out the debt, this company has $3.84 billion of total cash on its balance sheet. >>How to Use a Stock Screener to Scan for Hot Stocks A director just bought 10,000 shares, or about $452,000 worth of stock, at $45.20 per share. From a technical perspective, AIG is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last six months, with shares soaring higher from its low of $32 to its recent high of $46.45 a share. During that uptrend, shares of AIG have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of AIG within range of triggering a near-term breakout trade.
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