AMERICAN EXPRESS CO
(AXP-NYSE):
Technical Viewpoint: From a low
of $26.00 on Oct 8, 2001 prices
rallied, reaching a
high of $32.19
on Oct 17, 2001. A
decline saw prices pull back, reaching a
low of
$28.81 on Nov 1, 2001.
Another rally saw prices penetrate
resistance, closing 11/7/01
at $31.68. Technicals: RSI Index (RSI): A Buy Alert!
was given on Nov 2, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $29.50. Resistance: Is at $32.19.
Point & Figure: Reversed to the upside on Nov 5, 2001. A P&F upside
reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! AMERICAN EXPRESS CO
(AXP-NYSE) @ $31.88 Stop: Use a protective stop of $29.38.
AMERICAN EXPRESS CO is currently trading @ $31.68 plus $1.12 on Nov 7, 2001. Price Objective:
$40.50. Risk/Reward: $2.50 VS. $8.63. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$40.50
Risk/Reward:
$2.50 VS. $8.63
Risk/Reward Ratio:
3:1
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