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After Yesterday's Decline of 1.27%, American Express Offers Investors Better Value

By Shiri Gupta

American Express (NYSE:AXP) traded in a range yesterday that spanned from a low of $105.13 to a high of $106.64. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $107.54 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, American Express share prices have been bracketed by a low of $87.54 and a high of $114.55 and are now at $106.27, 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

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: rebounders american express

Ticker(s): AXP