AIG likely downtrend

29.10.2015 / 02:52

Rating:

Carl Icahn said that the insurer should be divided into life-insurance, mortgage insurance and estate-accidents

The investor has accumulated a "large proportion" American International Group Inc., and called for the insurer to split into three public companies.

In an open letter to Peter Hancock, CEO of AIG, Icahn urged global insurer sections of both life and mortgage insurance unit from its main business property-and-casualty and act in "a much needed
program to control costs."

AIG's shares rose about 4 percent in afternoon trading and are up 12% this year

AIG likely short-term descending movement

RSI levels of 75, which indicates that it is possible trend reversals

CCI at levels of 236 over-bought market

There is a bar with a gap compared to the previous candle, turning sword candle.

AIG strives to improve its performance since the crisis and the efforts of many years of restructuring.

E.Dimitrov JrTrader

Varchev Traders

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

AIG likely downtrend

London

Universal numbers