AMERICAN EXPRESS CO
(AXP-NYSE):
Technical Viewpoint: From a low
of $48 1/2 on May 25, 2000 prices
rallied, reaching a
high of $57.19
on Jun 14, 2000. A
decline saw prices pull back, reaching a
low of
$50 7/8 on Jul 3, 2000.
Another rally saw prices penetrate
resistance, closing 7/21/00
at $59 1/4. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 12, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $55 1/2. Resistance: Is at $NONE.
Point & Figure: Reversed to the upside on Jul 10, 2000. A P&F upside
reversal takes place at $56.00. Summary: Technical indicators have turned bullish. BUY! AMERICAN EXPRESS CO
(AXP-NYSE) @ $59 5/8 Stop: Use a protective stop of $56 3/4.
AMERICAN EXPRESS CO is currently trading @ $59 1/4 plus $2.37 on Jul 21, 2000. Price Objective:
$78.00. Risk/Reward: $2 7/8 VS. $18 3/8. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$78.00
Risk/Reward:
$2 7/8 VS. $18 3/8
Risk/Reward Ratio:
6:1
|