AIG Shares up 10%

Shares of AIG are up $3.32 to $36.09, a gain of 10.13%, on almost three times the normal volume the past three months. The stock has gone from a low of $24.99 just six days ago.

With a better than 22% of the stock being short, short traders are covering their positions and that is helping to provide additional momentum in the stock.

We could possibly see the stock advance to the $40 area.