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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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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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