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Bearish Moving Average Cross by American Express (AXP)

By Nick Russo

American Express (NYSE:AXP) crossed under its 10-day moving average of $65.33 on a volume of 589K 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.

Over the past year, American Express has traded in a range of $50.27 to $81.92 and is now at $65.19, 30% above that low. The 200-day and 50-day moving averages have moved 0.42% lower and 1.28% 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