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Shares of American Express Has Risen Above Previous 52-Week High

By Nick Russo

American Express (NYSE:AXP) traded at a new 52-week high today of $82.35. Approximately 596,000 shares have changed hands today, as compared to an average 30-day volume of 4.7 million shares.

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.

American Express (NYSE:AXP) is currently priced 2.1% above its average consensus analyst price target of $80.54. The stock should discover initial support at its 200-day moving average (MA) of $68.07 and subsequent support at its 50-day MA of $61.12.

In the past 52 weeks, shares of American Express have traded between a low of $50.27 and a high of $82.35 and are now at $82.30, which is 64% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.3%.

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: 52 week high/lows american express

Ticker(s): AXP