AXP Slips Below Moving Averages, Testing $320.48
American Express Co (AXP) fell 0.24% to finish at $320.48 on February 25.
From a technical standpoint, the outlook appears bearish:
Moving Averages
The stock trades below its 9-day EMA ($337.86) with the 21-day ($347.16) acting as overhead resistance.
Momentum
RSI at 30.2 is neutral but weakening. MACD is bearish (-8.61 vs signal -5.93).
Volatility
Price has pierced the lower Bollinger Band ($325.92), which often precedes a bounce.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $325.92.
Traders are watching $325.92 on the downside and $371.64 on the upside.
