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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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$47.00
Risk/Reward:
$2.50 VS. $10.75
Risk/Reward Ratio:
4:1
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