07.01.2014 - Shares of American Express Company is rapidly falling
The stock price of American Express Company after a sharp decline has reached the support level at 88.25, which coincides with the level of local minimum. In case of overcoming this level and given the strong downward momentum, we expect the fall with the objectives of 85.85 and 79.40. At the moment, there is a possibility of the upward price rebound to the levels of 90.00 and 92.00. We expect further reduction of price in the medium term.