American International Group Inc

AIG is undergoing structural repair after the mid-August bearish pivot, with both medium- and long-term directional bias bearish. Short-term conditions favor sellers as price has bounced into the declining 9/20/50 EMAs near the 50-day SMA resistance. An immediate sell into this resistance zone is warranted, anticipating rejection and further downside.

• ↑Earnings yield 1.29 and book/price ratio 1.16 indicate undervaluation.
• ↑Adjusted EPS of $2.00 in Q2 beat $1.94 consensus.
• ↓Q2 net income fell 14% to $948 M from $1.1 B year-ago.