When the Price of American Express $AXP Talks, People Listen

November 09, 2023, 18:45 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AXP

• Buy AXP slightly over 148.33 target 161.59 stop loss @ 147.9 Details

The technical summary data tells us to buy AXP near 148.33 with an upside target of 161.59. This data also tells us to set a stop loss @ 147.9 to protect against excessive loss in case the stock begins to move against the trade. 148.33 is the first level of support below 151.8 , and by rule, any test of support is a buy signal. In this case, support 148.33 would be being tested, so a buy signal would exist.

• Short AXP slightly under 161.59, target 148.33, stop loss @ 162.06 Details

The technical summary data is suggesting a short of AXP as it gets near 161.59 with a downside target of 148.33. We should have a stop loss in place at 162.06though. 161.59 is the first level of resistance above 151.8, and by rule, any test of resistance is a short signal. In this case, if resistance 161.59 is being tested, so a short signal would exist.

Swing Trading Plans for AXP

• Buy AXP slightly over 154.12, target 161.59, Stop Loss @ 153.67 Details

If 154.12 begins to break higher, the technical summary data tells us to buy AXP just slightly over 154.12, with an upside target of 161.59. The data also tells us to set a stop loss @ 153.67 in case the stock turns against the trade. 154.12 is the first level of resistance above 151.8, and by rule, any break above resistance is a buy signal. In this case, 154.12, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AXP slightly near 154.12, target 148.33, Stop Loss @ 154.57. Details

The technical summary data is suggesting a short of AXP if it tests 154.12 with a downside target of 148.33. We should have a stop loss in place at 154.57 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 154.12, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AXP

• Buy AXP slightly over 153.78, target 154.12, Stop Loss @ 153.42 Details

If 153.78 begins to break higher, the technical summary data tells us to buy AXP just slightly over 153.78, with an upside target of 154.12. The data also tells us to set a stop loss @ 153.42 in case the stock turns against the trade. 153.78 is the first level of resistance above 151.8, and by rule, any break above resistance is a buy signal. In this case, 153.78, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AXP slightly near 153.78, target 148.33, Stop Loss @ 154.14. Details

The technical summary data is suggesting a short of AXP if it tests 153.78 with a downside target of 148.33. We should have a stop loss in place at 154.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 153.78, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for American Express (AXP) available here: AXP.

AXP Ratings for November 09:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	148.33
P2	153.78	145.36	161.59
P3	158.76	154.12	174.94

AI Generated Signals for AXP

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of American Express (NYSE: AXP) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for AXP can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.