American Express Company is primarily engaged in the business of providing travel related services, financial advisory services and international banking services throughout the world. American Express Travel Related Services Company, Inc. provides a variety of products and services, including, global network services, the American Express Card, the Optima Card and other consumer and corporate lending products, stored value products, and several others.
The Barchart Technical Opinion rating is a 80% Buy with a Weakening short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend. The market is approaching overbought territory. Be watchful of a trend reversal.
American Express Company (NYSE:AXP) has been in the news for all the right reasons. Recently, American Express Company (NYSE:AXP) announced that during the first quarter, the company repurchased approximately 7.4 million shares of common stock for $520 million.
The The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oid prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The long term and short term EMA’s of 80.00 and 78.21 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term. .
The relative strength index (RSI) is a momentum osciallator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 60.32 suggesting a bullish price action.
American Express Company (NYSE:AXP) is all set to announce its earnings on Apr 19/a. As per Zack’s analyst ratings, American Express Company (NYSE:AXP) currently has an average brokerage rating of 2.68. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NYSE:AXP) is $80.615 with a high of $94 and a low of $56.
As such, while we believe American Express Company (NYSE:AXP)represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.