24.02.2016 - American Express shares are likely to correct downwards
American Express shares price broke through the upper limit of the downward channel and at the moment are consolidating near the level of 55.00. In case of breaking and fixing the price above this mark, we expect the gap closing and a further increase to 62.50. On the other hand, after the recent increase, quotations may fall to 52.50 and 50.00. We expect a drop in prices in the near future, but after it is possible the trend reversal.