Technical Analysis of American Express

American Express is a multinational financial services corporation that provides a wide range of products and services, including credit cards, charge cards, and traveler's cheques. They cater to both individual consumers and businesses, offering various financial solutions and rewards programs.

The trend for American Express (AXP) is currently higher, indicating a bullish sentiment in the market. However, the stock is currently trading at our first target, which makes it a logical place for the stock to consolidate.

If American Express can break above the 240 level, it would be a positive sign for the stock. In such a scenario, we like the stock with a target of 306, suggesting further potential upside.

Investors should closely monitor the stock's performance and consider the breakout above 240 as a signal to potentially enter or add to their positions, with a target of 306 in mind.