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Shares of American Express Rise Above Previous 52-Week High

By David Diaz

American Express (NYSE:AXP) traded at a new 52-week high today of $129.43. Approximately 644,000 shares have changed hands today, as compared to an average 30-day volume of 2.9 million shares.

American Express (NYSE:AXP) is currently priced 15.8% above its average consensus analyst price target of $108.85. The stock should find initial support at its 50-day moving average (MA) of $121.33 and further support at its 200-day MA of $109.94.

Over the past year, American Express has traded in a range of $89.05 to $129.43 and is now at $129.23, 45% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.2%.

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 June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.46. Since that recommendation, shares of American Express have risen 6.7%. 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