In mid-November, I outlined a trade setup in AIG (AIG). The stock had started to look interesting, given its test of some key price support parameters within a larger uptrend pattern, as well as some timing considerations -- and ultimately this setup played out well. While this isn't always the case, I am certainly happy when I'm able to help identify a nice play for readers. So do take another look at that piece -- there is a method to my madness!
In any case, I want to revisit this setup. Even though this stock has already enjoyed a nice rally, it may not have met upside targets just yet -- so I am looking at this current symmetrical pullback as another opportunity for a buy entry....177 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.