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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 $109.57. Approximately 247,000 shares have changed hands today, as compared to an average 30-day volume of 2.6 million shares.

American Express share prices have moved between a 52-week high of $109.57 and a 52-week low of $84.97 and are now trading 29% above that low price at $109.43 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

American Express (NYSE:AXP) defies analysts with a current price ($109.43) 0.5% above its average consensus price target of $108.85. The stock should discover initial support at its 50-day moving average (MA) of $103.06 and subsequent support at its 200-day MA of $99.05.

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 recommended that subscribers consider buying shares of American Express on July 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $101.06. Since that recommendation, shares of American Express have risen 7.5%. We continue to monitor AXP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows american express

Ticker(s): AXP