American Express adds to gains - Analysis - 15-08-2022

American Express' stock (AXP) kept rising in the intraday levels amid the dominance of the upward correctional short-term wave, with support from the 50-day SMA, with positive signals from the RSI after reaching overbought levels, marking a profit of 1.75%, or 2.85 points, and settling at 165.84. 

Therefore we expect more gains for the stock, targeting the support of 149.89, provided the resistance of 170.78. 

Open Live Trading Account

Expected trend for today: Bullish