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Shares of American Express Rise to a New 52-Week High

By James Quinn

American Express (NYSE:AXP) traded at a new 52-week high today of $118.10. So far today approximately 266,000 shares have been exchanged, as compared to an average 30-day volume of 3.3 million shares.

Over the past year, American Express has traded in a range of $89.05 to $118.10 and is now at $117.98, 32% 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 0.7%.

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.

Based on a current price of $117.98, American Express is currently 7.7% above its average consensus analyst price target of $108.85. The stock should discover initial support at its 50-day moving average (MA) of $111.07 and subsequent support at its 200-day MA of $105.77.

SmarTrend recommended that subscribers consider buying shares of American Express on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $97.97. Since that recommendation, shares of American Express have risen 19.7%. 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