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Going long on an AIG trade: Neighbour
Joe Neighbour from centralmarkets.co.uk explains why he thinks International Consolidated Airlines Group (AIG:xlon) is a buy.
The stock broke above a short term downtrend channel in yesterday’s session and also bounced at the lower end of an uptrend channel over a longer timeframe.
IAG has suffered due to a weaker pound and higher oil prices but both now seem to be stabilising meaning that IAG can start to rise once again from here.
Neighbour is a buyer at the open placing a stop loss at 385p
First target on the upside is for a move towards 440p. If it breaks above this level, then 480p is the next level to target.
01:19 minutes
Tags: aig stock, airlines, joe neighbour, saxo bank, saxo tv, trade view, tradingfloor.com
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