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Bearish Moving Average Cross by American Express (AXP)

By Amy Schwartz

American Express (NYSE:AXP) shares have crossed bearishly below their 10-day moving average of $65.50 on a volume of 758K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

American Express share prices have moved between a 52-week high of $81.92 and a 52-week low of $50.27 and are now trading 29% above that low price at $64.75 per share. Over the past week, 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