22.07.2015 - Shares of American Express will probably resume the decline

The price of American Express after a rebound from a strong support level at 76.00 has shown strong growth and now is consolidating near the level of 79.00. With high probability, quotes will continue to grow to the upper boundary of the local descending channel. In case of breaking and fixing the price above the level of 81.50, we expect the price growth to the levels of 85.50 and 88.20. The fall is limited by the lower boundary of the channel and the level of 76.00. We expect the price decline in the near future.

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