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American Express Crosses Above its 10-day MA (AXP)

By David Diaz

Today, shares of American Express (NYSE:AXP) have crossed bullishly above their 10-day moving average of $63.86 on a volume of 972K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of American Express have traded between a low of $50.27 and a high of $81.92 and are now at $64.97, which is 29% above that low price. The 200-day and 50-day moving averages have moved 0.42% lower and 1.28% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of American Express on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.23. Since that recommendation, shares of American Express have risen 13.1%. We continue to monitor AXP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses american express

Ticker(s): AXP