AMERICAN EXPRESS CO.
(AXP-NYSE):
Technical Viewpoint: From a low
of $119 1/8 on Jun 24, 1999 prices
rallied, reaching a
high of $140.00
on Jul 6, 1999. A
decline saw prices pull back, reaching a
low of
$131 1/2 on Jul 14, 1999.
Another rally saw prices penetrate
resistance, closing 7/19/99
at $139.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 29, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $133.00. Resistance: Is at $142 5/8.
Point & Figure: Reversed to the upside on Jul 19, 1999. A P&F upside
reversal takes place at $132.00. Summary: Technical indicators have turned bullish. BUY! AMERICAN EXPRESS CO.
(AXP-NYSE) @ $139 7/8 Stop: Use a protective stop of $137 1/8.
AMERICAN EXPRESS CO. is currently trading @ $139.19 plus $3.31 on Jul 19, 1999. Price Objective:
$164.00. Risk/Reward: $2 3/4 VS. $24 1/8. Today's Risk Reward Ratio: 9:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$164.00
Risk/Reward:
$2 3/4 VS. $24 1/8
Risk/Reward Ratio:
9:1
|