How the (AXP) price action is used to our Advantage
July 08, 2024, 08:06 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AXP
- Buy AXP slightly over 221.36 target 239.59 stop loss @ 220.72 Details
The technical summary data tells us to buy AXP near 221.36 with an upside target of 239.59. This data also tells us to set a stop loss @ 220.72 to protect against excessive loss in case the stock begins to move against the trade. 221.36 is the first level of support below 235.19 , and by rule, any test of support is a buy signal. In this case, support 221.36 would be being tested, so a buy signal would exist.
- Short AXP slightly under 239.59, target 221.36, stop loss @ 240.28 Details
The technical summary data is suggesting a short of AXP as it gets near 239.59 with a downside target of 221.36. We should have a stop loss in place at 240.28though. 239.59 is the first level of resistance above 235.19, and by rule, any test of resistance is a short signal. In this case, if resistance 239.59 is being tested, so a short signal would exist.
Swing Trading Plans for AXP
- Buy AXP slightly over 236.48, target 239.59, Stop Loss @ 235.8 Details
If 236.48 begins to break higher, the technical summary data tells us to buy AXP just slightly over 236.48, with an upside target of 239.59. The data also tells us to set a stop loss @ 235.8 in case the stock turns against the trade. 236.48 is the first level of resistance above 235.19, and by rule, any break above resistance is a buy signal. In this case, 236.48, 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 236.48, target 232.51, Stop Loss @ 237.16. Details
The technical summary data is suggesting a short of AXP if it tests 236.48 with a downside target of 232.51. We should have a stop loss in place at 237.16 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, 236.48, 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 235.35, target 236.48, Stop Loss @ 234.8 Details
If 235.35 begins to break higher, the technical summary data tells us to buy AXP just slightly over 235.35, with an upside target of 236.48. The data also tells us to set a stop loss @ 234.8 in case the stock turns against the trade. 235.35 is the first level of resistance above 235.19, and by rule, any break above resistance is a buy signal. In this case, 235.35, 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 235.35, target 232.51, Stop Loss @ 235.9. Details
The technical summary data is suggesting a short of AXP if it tests 235.35 with a downside target of 232.51. We should have a stop loss in place at 235.9 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, 235.35, 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 July 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
221.36 |
| P2 |
235.35 |
232.51 |
239.59 |
| P3 |
237.59 |
236.48 |
257.9 |
AI Generated Signals for AXP
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The American Express Company (NYSE: AXP) data table below can help you with price action, and we have more details too. Trading plans for AXP are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AXP:
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