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AXP trade ideas

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)
NYSE:AXPShort
by Killy_Mel
AXP - Topping. Or not?Nope, probably not. The weekly chart on the left shows a nasty topping pattern, a weird H&S. However, the bearish picture is not sustainable, as the indicators are very oversold, while we are still in an uptrend. Climatic action on the Force Index, climactic volume for the previous week on the volume bar. Price also stands at an important support area, and the breakdown proved false. Until I wont see a clear downtrend, oversold indicators are a buying opportunity. The current oversold condition is not sustainable, and rallies are likely. The impulse is still red. Now, looking at the daily, the picture is similar, but here there is more information that the sell-off is over. Price made a false breakdown (as outlined also on the weekly) below strong support. What is even more interesting about this is that the breakdown proved false on a Monday, after a gap down, after a bearish Friday. This is one of the best triggers I know (trigger identified by Gary Smith). Further down, there are confirmed bullish divergences on the MACD lines and histogram. The Force Index is extremely oversold and has now climbed back inside the channel, while the volume on the Weis Wave is climactic. Look for 93$.
NYSE:AXPLong
by vlad.adrian
1
AXP-false breakA classic false break setup. The fundamental information supports a bullish bias from here. We have the w1 chart bullish also: Fundamental review: *************************** "We rate AMERICAN EXPRESS CO (AXP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself." Happy trading
BATS:AXPLong
by FullTimeTrader
2
AXP Long Trade Plan Based on DemandWith the S&P trending up and at weekly demand and AXP basically mirroring it, having pulled back to an objective level of weekly demand from the pivot low in mid oct 2014 where price rocketed off. I am hoping that there will be some unfilled buy orders or a large enough supply/demand imbalance to push price higher. My entry on this trade will be a tick above 82.35. Should it trigger I will use a time stop as IMHO if momentum doesn't step in shortly it probably isn't there.
NYSE:AXPLong
by QdogHot
4
Potential short opportunity for AXP againFollowing up with the sell-off up til 15 Oct, when AXP make a price lower low, i had posted a bullish divergence on RSI & MACD. My long was triggered at 79 but price dropped to 78.35 before rebounding to 90 at the channel top! Took my profit @ 90.44. Given that it was a DOJI close on channel top, chances are the price movement has exhausted somehow, though not necessarily mean that i will turn come next Monday. I anticipate some consolidation around the blue region with perhaps more break out But i am ready to short again for sure. Using a buy put options, i have queued @91, 93, 95 which is subjected to minor changes depending on smaller time frame monitoring
NYSE:AXP
by jangseohee