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

By Shiri Gupta

Today, shares of American Express (NYSE:AXP) have advanced above their 10-day MA of $100.33 on a volume of 285K 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.

American Express share prices have moved between a 52-week high of $103.24 and a 52-week low of $79.62 and are now trading 27% above that low price at $100.93 per share. The 200-day and 50-day moving averages have moved 0.24% higher and 0.51% higher over the past week, respectively.

SmarTrend is tracking the current trend status for American Express and will alert subscribers who have AXP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses american express

Ticker(s): AXP