AIG touches SMA resistance - Analysis - 13-07-2020

American International Group's stock spiked 7.5% in the last session, touching the resistance of the 50-day SMA, while hurt by piercing the upward short-term trend line, while venting off oversold saturation in the RSI. 

Therefore we expect the stock to return lower, targeting the pivotal support of 27.67 anew. 

Expected trend for today: Bearish