AMERICAN EXPRESS CO
(AXP-NYSE):
Technical Viewpoint: From a low
of $43.89 on Apr 14, 2000 prices
rallied, reaching a
high of $53.20
on Apr 26, 2000. A
decline saw prices pull back, reaching a
low of
$46 5/8 on May 3, 2000.
Another rally saw prices penetrate
resistance, closing 5/31/00
at $53.81. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on May 31, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $48.00. Resistance: Is at $56.00.
Point & Figure: Reversed to the upside on May 31, 2000. A P&F upside
reversal takes place at $51.00. Summary: Technical indicators have turned bullish. BUY! AMERICAN EXPRESS CO
(AXP-NYSE) @ $54 1/2 Stop: Use a protective stop of $51 3/4.
AMERICAN EXPRESS CO is currently trading @ $53.81 plus $3.18 on May 31, 2000. Price Objective:
$71.00. Risk/Reward: $2 3/4 VS. $19 1/4. Today's Risk Reward Ratio: 7:1
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