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Bullish Moving Average Cross by American Express (AXP)

By James Quinn

American Express (NYSE:AXP) shares have crossed bullishly above their 10-day moving average of $121.63 on a volume of 502K 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, American Express share prices have been bracketed by a low of $89.05 and a high of $124.74 and are now at $124.46, 40% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 0.58% higher over the past week, respectively.

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