American Express Charge Limits
American Express Company (Public, NYSE:AXP)
Technical Analysis: Do not be surprised, if the AXP uptrend (C) has problems with resistance (B) at $50. If the uptrend (C) is broken, sell with an expectation of a move to support (D) at $30. If support (D) breaks, then expect a test of the low around $10, that was established by the downtrend (A). Until any of these negative things happen, AXP is a hold because the upside potential is limited by resistance (B).
Summary: Hold.
Technical Analysis: Do not be surprised, if the AXP uptrend (C) has problems with resistance (B) at $50. If the uptrend (C) is broken, sell with an expectation of a move to support (D) at $30. If support (D) breaks, then expect a test of the low around $10, that was established by the downtrend (A). Until any of these negative things happen, AXP is a hold because the upside potential is limited by resistance (B).
Summary: Hold.