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Thursday, March 05, 2009

How Low Can They Go? - C, AIG, BAC

American International Group, Inc. (NYSE:AIG), Citigroup Inc. (NYSE:C), Bank of America Corporation (NYSE:BAC) have been in the news day in day out. How much deeper is the hole? How much more money they do still from the government? How low can their stock price go? Frankly, I have no idea and I don't think anybody knows for sure. But looking at their charts, its not difficult to see where their next few level of support are.

Citigroup Inc. (NYSE:C) levels of support: $1.0, $0.8, $0.45


Bank of America Corporation (NYSE:BAC) rebounded from strong support at $2.5 on 20 Feb. Next level of support is around $2.0, followed by $1.32.


American International Group, Inc. (NYSE:AIG) has tested its all time low of $0.38 on 24 Feb this year. Basically, as you can see from the chart, there is no other support below. Yikes!

posted by Simply Options Trader at 2:59 PM PERMALINK


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