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

By David Diaz

American Express (NYSE:AXP) shares have crossed bearishly below their 10-day moving average of $92.85 on a volume of 573K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of American Express have traded between a low of $57.15 and a high of $102.39 and are now at $92.55, which is 62% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.3%.

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