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After Yesterday's Rally of 2.33% Shares Could Potentially Pullback

By James Quinn

American Express (NYSE:AXP) traded in a range yesterday that spanned from a low of $87.54 to a high of $88.75. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $88.73 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, American Express share prices have been bracketed by a current low of $0.00 and a high of $138.13 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.88% lower and 3.97% lower over the past week, respectively.

Keywords: rebounders american express

Ticker(s): AXP