• Return to Headlines

Bearish Moving Average Cross by American Express (AXP)

By Shiri Gupta

American Express (NYSE:AXP) crossed under its 10-day moving average of $100.46 on a volume of 2.1 million shares. This may provide short-term investors a chance 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 $83.33 and a high of $103.24 and are now at $99.45, which is 19% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

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