AMERICAN EXPRESS CO (AXP-NYSE): Technical Viewpoint: From a low of $32.00 on Dec 3, 2001 prices rallied, reaching a high of $35.44 on Dec 6, 2001. A decline saw prices pull back, reaching a low of $31.73 on Dec 14, 2001. Another rally saw prices penetrate resistance, closing 12/28/01 at $36.05. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Nov 8, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $34.50. Resistance: Is at $37.00. Point & Figure: Reversed to the upside on Dec 19, 2001. A P&F upside reversal takes place at $34.50. Summary: Technical indicators have turned bullish. BUY! AMERICAN EXPRESS CO (AXP-NYSE) @ $36.25 Stop: Use a protective stop of $34.50. AMERICAN EXPRESS CO is currently trading @ $36.05 plus $1.05 on Dec 28, 2001. Price Objective: $47.00. Risk/Reward: $2.50 VS. $10.75. Today's Risk Reward Ratio: 4:1