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American Express (AXP) Breaks Through Support at $96.87

By James Quinn

Shares of American Express (NYSE:AXP) opened today below their pivot of $98.28 and have already reached the first level of support at $96.87. Investors may be interested in a cross of the next downside pivot targets of $96.06 and $93.84.

In the past 52 weeks, shares of American Express have traded between a low of $57.15 and a high of $102.39 and are now at $96.42, which is 69% above that low price. The 200-day and 50-day moving averages have moved 0.42% lower and 1.28% higher over the past week, respectively.

Potential upside of 11.5% exists for American Express, based on a current level of $96.42 and analysts' average consensus price target of $107.46. American Express shares have support at the 200-day moving average (MA) of $68.07 and additional support at the 50-day MA of $61.12.

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: pivot alerts american express

Ticker(s): AXP