AIG shares spiked today on news that the company had closed a pact with the New York Federal Reserve that slashes its debt under a credit facility by more than half, to $17 billion. The stock closed at 30.84, up 2.44 (+8.59%) on volume of 42.16 Million. From a technical standpoint, KD indicator has generated a buy signal as K line has crossed on top over D line. Although both 50 day and 200 day moving average are showing weakness, KD line is indicating upward swing. For the short term the stock should still continue to go up. A close above 33.50 would have positive implications and could push the stock to the 35-37 range. Market Club has a very interesting take on how AIG is playing out after the past volume surge. The “Trade Triangles” paint the picture. CLICK HERE and just enter the ticker (AIG) your name and e-mail address for the FREE No strings Attached Report sent realtime to your in-box!