Attention Bears: AIG Looks Poised for a Breakdown – TheStreet.com

This column originally appeared on Jan. 27 at 11:37 a.m. ET on Real Money, our premium site for active traders. Click here to get great columns like this from Jim Cramer and other writers even earlier in the trading day.

Hunt the weak, the slow, the old … whatever it takes to survive. That’s got to be how the short-sellers and bears feel at the moment. Don’t try to take down the entire herd; it’s simply too strong. Pick off the straggler trailing the pack.

I’ve had my eyes on American International Group (AIG) since the start of 2017. It looked primed for a breakdown to kick off the year, but the stock held $65 and reversed higher. It moved similarly to names like Allstate (ALL) and Progressive (PGR) , but something has changed in the last few days.

ALL and PGR popped this week. They look strong. Leaders of the pack. Leaders of the property and casualty sector. But somewhere along…

Read the full article from usatoday.com…

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