BUY! AMERICAN EXPRESS CO (AXP) NYSE

  Report No. 1082    Analysis by: Harry Aloof     JULY 24, 2000

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

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Price Objective:
$78.00 Risk/Reward:
$2 7/8 VS. $18 3/8 Risk/Reward Ratio:
6:1
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