American Express Company Stock Code AXP.NYS
Price broke above the cloud two trading sessions ago, changing the chart trend to bullish after a three-month decline. Price also broke above a recent high, creating an Ichimoku V-shaped reversal with price projection target at $175. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish and is hinting at a bullish price trend. If price can stay above the cloud, it could be heading higher to the Ichimoku V-shaped price projection target at $175 in the next 2-3 weeks.
$175.00 Price Target
$158.80 Risk Management Stop
3 weeks Trade Duration