AXP Rides Bullish EMAs Higher to $381.05
BullishAmerican Express Co (AXP) closed down 0.54% at $381.05 on December 27.
Technical indicators paint a mixed picture:
Moving Averages
Price trades above the 9-day EMA ($379.38) with a bullish stack. The 21-day EMA at $374.60 provides support.
Momentum
RSI at 69.2 is in neutral territory. MACD is bearish (6.40 vs signal 6.48).
Volatility
Bollinger Band width at 8.6% indicates low volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Key levels to watch: Support at $358.00, Resistance at $390.33.