American Express ends cautiously higher - Analysis - 26-05-2022

American Express' stock (AXP) rose 3.14% in the last session, or 4.88 points, settling at 160.51, with trading volumes surpassing 4.3 million shares, above 10-day averages of 3.3 million shares, amid the dominance of the downward correctional trend in the short term, while hurt by piercing the main upward trend line previously, amid negative pressure from the 50-day SMA, while the RSI reached overbought levels. 

Therefore we expect the stock to return lower, targeting the pivotal support of 149.89, provided the resistance of 164.83. 

Expected trend for today: Bearish