04/15/2014 Trading Ide AXP American Express Co. Last Price 85.50$
Hi, Let´s analyze AXP.
Supports and Resistances:
S1: 81.53 S2: 74.48 R1: 89.03 R2:92.71$
The average target price by consensus is: 94.71$.
I have looked at the fundamental and I can tell you that the company has a constant steady gorwth during the last years. In the 2013 AXP increased the free cash flow a 27.44% however in 2012 decreased a -39.07%.
The RSI is at 38%.
The stochastic is exiting from the oversold zone and is at 35%.
However the -DI is above the +DI.
The MACD is in a flat pattern below the signal and below zero.
Last Friday the stock drawn a doji in the chart and entered in the purchase interval [82.28; 85.47].
I recommend you to pay attention in the movement of the stock ,actually is close to the 200 SMA.
Let´s see the Chart:
By the way, do you remmember the MSFT trading idea! there´s a doji from yesterday´s session just inside the buy interval!:
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Have a nice day!
You can see the first analysis 04/01/2014 ( it´s in Spanish but you can use the translator)