09.05.2016 - American Express shares may resume growth within the channel

Price of American Express corrected down to the lower boundary of the rising channel and may soon rebound from its lower border. In this case, quotations may return to the level of 67.50 the breaking of which will be the basis for further growth to 70.50. On the other hand, the drop is limited by the support level at 62.50, after fixing below which we recommend to open short positions with the potential of fall to 62.50.

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