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Bearish Moving Average Cross by American Express (AXP)

By Nick Russo

Today, shares of American Express (NYSE:AXP) have crossed bearishly below their 10-day moving average of $124.08 on a volume of 789K 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.

American Express share prices have moved between a 52-week high of $129.34 and a 52-week low of $89.05 and are now trading 39% above that low price at $123.90 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend is monitoring the recent change of momentum in American Express. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of American Express in search of a potential trend change.

Keywords: moving crosses american express

Ticker(s): AXP