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Recent 52-Week High Exceeded in Shares of American Express (AXP)

By Nick Russo

Shares of American Express (NYSE:AXP) traded at a new 52-week high today of $120.28. Approximately 246,000 shares have changed hands today, as compared to an average 30-day volume of 3.2 million shares.

American Express (NYSE:AXP) is currently priced 9.5% above its average consensus analyst price target of $108.85. American Express shares have support at the 50-day moving average (MA) of $113.56 and additional support at the 200-day MA of $106.79.

Over the past year, American Express has traded in a range of $89.05 to $120.28 and is now at $120.28, 35% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

American Express Company is a global payment and travel company. The Company's principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.

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: 52 week high/lows american express

Ticker(s): AXP