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AMERICAN EXPRESS
(AXP-NYSE):
Technical Viewpoint: From a low
of $39.35 on Apr 3, 2002 prices
rallied, reaching a
high of $43.88
on Apr 23, 2002. A
decline saw prices pull back, reaching a
low of
$40.37 on May 1, 2002.
Another rally saw prices penetrate
resistance, closing 5/8/02
at $42.80. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 8, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $41.00. Resistance: Is at $43.88.
Point & Figure: Reversed to the upside on May 2, 2002. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! AMERICAN EXPRESS
(AXP-NYSE) @ $42.88 Stop: Use a protective stop of $40.38.
AMERICAN EXPRESS is currently trading @ $42.80 plus $2.14 on May 8, 2002. Price Objective:
$53.00. Risk/Reward: $2.50 VS. $10.13. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$53.00
Risk/Reward:
$2.50 VS. $10.13
Risk/Reward Ratio:
4:1
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