• Return to Headlines

After Yesterday's Rally of 1.39% Shares Could Potentially Pullback

By James Quinn

American Express (NYSE:AXP) traded in a range yesterday that spanned from a low of $114.07 to a high of $115.79. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $114.77 on volume of 797,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of American Express have traded between a low of $89.05 and a high of $129.34 and are now at $115.50, which is 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.7%.

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