4XSetUps
Long

AMERICAN EXPRESS with conservative SetUp

NYSE:AXP   AMERICAN EXPRESS CO
68.10 Yearly High 2016 @ 1st Trading Day this Year

64.04 100 SMA
62.69 200 SMA

62.33 low after break out of trading box

61.25 gap - while the sell off @ start of the year
58.85 gap - while the sell off @ start of the year

buying trading capability above the trading range (58.85 & 61.25)
- the lows in may and june/july supported the upside (even above 62.33) too.

Take care
& analyzed it again
- it`s always your choice ...

Best regards
4XSetUps
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