When the Price of (AXP) Talks, People Listen

April 18, 2024, 05:24 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AXP

• Buy AXP slightly over 208.27 target 228.14 stop loss @ 207.67 Details

The technical summary data tells us to buy AXP near 208.27 with an upside target of 228.14. This data also tells us to set a stop loss @ 207.67 to protect against excessive loss in case the stock begins to move against the trade. 208.27 is the first level of support below 217.67 , and by rule, any test of support is a buy signal. In this case, support 208.27 is being tested, a buy signal would exist.

• Short AXP slightly under 228.14, target 208.27, stop loss @ 228.8 Details

The technical summary data is suggesting a short of AXP as it gets near 228.14 with a downside target of 208.27. We should have a stop loss in place at 228.8though. 228.14 is the first level of resistance above 217.67, and by rule, any test of resistance is a short signal. In this case, if resistance 228.14 is being tested, a short signal would exist.

Swing Trading Plans for AXP

• Buy AXP slightly over 218.32, target 228.14, Stop Loss @ 217.69 Details

If 218.32 begins to break higher, the technical summary data tells us to buy AXP just slightly over 218.32, with an upside target of 228.14. The data also tells us to set a stop loss @ 217.69 in case the stock turns against the trade. 218.32 is the first level of resistance above 217.67, and by rule, any break above resistance is a buy signal. In this case, 218.32, 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 218.32, target 213.26, Stop Loss @ 218.95. Details

The technical summary data is suggesting a short of AXP if it tests 218.32 with a downside target of 213.26. We should have a stop loss in place at 218.95 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, 218.32, 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 218.32, target 219.6, Stop Loss @ 217.81 Details

If 218.32 begins to break higher, the technical summary data tells us to buy AXP just slightly over 218.32, with an upside target of 219.6. The data also tells us to set a stop loss @ 217.81 in case the stock turns against the trade. 218.32 is the first level of resistance above 217.67, and by rule, any break above resistance is a buy signal. In this case, 218.32, 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 218.32, target 217.05, Stop Loss @ 218.83. Details

The technical summary data is suggesting a short of AXP if it tests 218.32 with a downside target of 217.05. We should have a stop loss in place at 218.83 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, 218.32, 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 Company (AXP) available here: AXP.

AXP Ratings for April 18:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	188.76
P2	217.05	213.26	208.27
P3	219.6	218.32	228.14

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 Company (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.