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Bullish Moving Average Cross by American Express (AXP)

By Amy Schwartz

Today, shares of American Express (NYSE:AXP) have advanced above their 10-day MA of $64.31 on a volume of 977K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of American Express have traded between a low of $50.27 and a high of $81.92 and are now at $65.17, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.4%.

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