• Return to Headlines

Bearish Moving Average Cross by American Express (AXP)

By Nick Russo

American Express (NYSE:AXP) shares have crossed bearishly below their 10-day moving average of $119.13 on a volume of 1.1 million 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 $89.05 and a high of $129.34 and are now at $116.68, which is 31% 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 declined 0.3%.

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