17.04.2015 - American Express Co. stopped the fall and can change the trend

Shares of American Express Co. after some consolidation around a strong support level at 78.00, resumed growth. It should be noted that earlier the price fixed beyond the descending channel. In case of continued growth, fixing the price above $ 83.30, will be the confirmation of the buy signal with targets at 88.20 and 96.00. To continue the downward movement the price must be fixed below the level of 78.00. We expect the negative trend shift to positive and recommend to wait for the signal to open positions.

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