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AMERICAN EXPRESS
(AXP-NYSE):
Technical Viewpoint: From a low
of $32.84 on Feb 22, 2002 prices
rallied, reaching a
high of $42.70
on Mar 19, 2002. A
decline saw prices pull back, reaching a
low of
$39.35 on Apr 3, 2002.
Another rally saw prices penetrate
resistance, closing 4/18/02
at $42.39. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 28, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $40.50. Resistance: Is at $42.70.
Point & Figure: Reversed to the upside on Apr 16, 2002. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! AMERICAN EXPRESS
(AXP-NYSE) @ $42.63 Stop: Use a protective stop of $40.13.
AMERICAN EXPRESS is currently trading @ $42.39 plus $1.24 on Apr 18, 2002. Price Objective:
$59.25. Risk/Reward: $2.50 VS. $16.63. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$59.25
Risk/Reward:
$2.50 VS. $16.63
Risk/Reward Ratio:
7:1
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