American Express hits record highs - Analysis - 09-02-2024

Economies.com
2024-02-09 11:19AM UTC

American Express Company’s stock (AXP) kept rising in the intraday levels, amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI despite settling at overbought levels.

 

Therefore we expect the stock to rise and target the first resistance at 220.00, provided the support of 199.85 holds on.

 

Expected trend for today: Bullish 

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