Shares of American International Group $AIG broke to a new high for the year this morning and now the stock has pulled back to the breakout area. If the prior resistance now holds as support the stock is set up nicely for upside continuation, perhaps even up to 40? Before rushing in to buy the stock, lets see if it can get back above the daily VWAP (currently ~34.90) and then break past the mid morning highs (point A on chart at 35.03) Once the stock is back above that level it will confirm that buyers remain in control and we will have a sensible place to set our stop (just below the pullback low labeled point B at 34.46)

Click chart to enlarge