American ExpressFebruary 20th - March 18th saw a 50% drawdown to AXP, this is a long term play, but also a short-term trade with size.
Express
Express Scripts Holding Company (ESRX) Intrinsic ValueRetorno de Capital (Greenblatt): 428.34%
P/E (Greenblatt): 10
Margen de seguridad en base a descuento de flujo de Caja(Graham): 42.2%
Ripple vs Bitcoin - Breakout on American Express FA/news - $0.3 XRP had a really solid news today with collaborations with American Express and Santander
Price shot up to near $0.3 and 0.0000393 BTC
Using the Gann Fan to identify new targets and entry levels possible with Ripple
A triangle is forming into december and we can watch what will happen and see if it breaks up and up towards possible new ATH
TBH i'm not a big Ripple fan, like many others, this has actually gained some kudos for its application and future, we could see much higher gains in 2018, maybe up to 50c and beyond
Also if Bitcoin keeps moving towards $8200 then see XRP rise suppressed a little more than usual, if it starts dropping fast just sell and get back in again....
DOW JONES OVERVIEW: AMERICAN EXPRESS RISKS TO TAG 5-YEAR MEANAmerican Express has fallen below 1st standard devations from quarterly (66-day) and yearly (264-day) means, thus entering short term downtrend
Price is also trading within 1-st standard deviation from 10-year (520-week) and 5-year (260-week) moving averages, meaning that it is in lateral trend on long term basis
If the short term downtrend holds (price trading below 76.4-77.1 levels), there is a high probability to tag 5-year mean at 75 level
Scenario is canceled, if price returns to trend on 10-year basis by spiking above 1st standard deviations from 10-year mean (above 80)
