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Market_Psychology
Aug 23, 2016 9:35 PM

Watching but could be a good entry  Long

American Express CompanyNYSE

Description

Price action has been consolidating for AXP shares since the triple top from 2014-2015.Since then the price bottomed out around 50 before heading back up to resistance at 66.5. I am watching for a strong break upwards through resistance with heavy volume before entering trade. However if this occurs it would indicate that upward trend is back and intact for AXP, a great dividend stock and a Buffett favorite.
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