TTM Squeeze Tightens Grip on AXP at $333.20
American Express Co (AXP) slipped 0.29% to $333.20 on August 29.
The technical setup looks bearish:
Momentum
RSI at 44.2 is neutral but weakening. MACD reads -1.91 against its -1.24 signal line (bearish).
Moving Averages
The stock trades below its 9-day EMA ($335.95) with the 21-day ($338.18) acting as overhead resistance.
Volatility
Volatility has been compressing for 12 sessions (TTM Squeeze active), often a precursor to directional moves.
Traders are watching $330.45 on the downside and $348.79 on the upside.
