AIG 200 day moving average is at $48, and AIG is now trading just at that support level.
If we break the 200 DMA, then we have a problem.
CSCO delivered weak results and weak revenue forecast yesterday, hit the 200 DMA and has gone up since.
Hopefully, AIG will do the same and move above $50 over the next few days (got 50 Feb 22 $50 calls that are looking weak today).
Bounced off the 200 DMA, just like CSCO did yesterday.
Hopefully, AIG will go up on Tuesday just like CSCO did today (CSCO retraced the entire post-earnings dip that occurred at the open yesterday).
AIG going to $60.