AMERICAN EXPRESS CO. (AXP-NYSE): Technical Viewpoint: From a low of $119 1/8 on Jun 24, 1999 prices rallied, reaching a high of $140.00 on Jul 6, 1999. A decline saw prices pull back, reaching a low of $131 1/2 on Jul 14, 1999. Another rally saw prices penetrate resistance, closing 7/19/99 at $139.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 29, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $133.00. Resistance: Is at $142 5/8. Point & Figure: Reversed to the upside on Jul 19, 1999. A P&F upside reversal takes place at $132.00. Summary: Technical indicators have turned bullish. BUY! AMERICAN EXPRESS CO. (AXP-NYSE) @ $139 7/8 Stop: Use a protective stop of $137 1/8. AMERICAN EXPRESS CO. is currently trading @ $139.19 plus $3.31 on Jul 19, 1999. Price Objective: $164.00. Risk/Reward: $2 3/4 VS. $24 1/8. Today's Risk Reward Ratio: 9:1