AXP Inside day after earnings trading plan!AXP Had quite a huge bearish mazubozu on its earning day, and it recovered a lot yesterday to form an inside day. I would love to trade this inside day breakout as the market is near the all time high spot, which makes me remain bullish in the overall market, these inside day after earning trades will be my main focus recently. Let's see how it goes yo! Longby Trader_Joe_LeeUpdated 12
AXP long (buy) setupI usually don't trade stocks but i wanted to share this setup. Here's my long setup for $AXP. I'm planning to go long at the beginning of the day. Risk reward is 1:2 Disclaimer: I'm not a pro trader or advisor. This is not financial advice. Trade safe, Atilla YurtsevenLongby AtillaYurtsevenUpdated 117
$AXP American Express heading to All time HighAmerican Express Company AXP, +1.44% today reported third-quarter net income of $1.8 billion, up 6 percent from $1.7 billion a year ago. Diluted earnings per share was $2.08, up 11 percent from $1.88 per share a year ago. Third-quarter consolidated total revenues net of interest expense were $11.0 billion, up 8 percent from $10.1 billion a year ago. Excluding the impact of foreign exchange rates, adjusted revenues net of interest expense grew 9 percent. The increases reflected higher Card Member spending, net interest income and card fees. Credit indicators remained strong and consolidated provisions for losses were $879 million, up 8 percent from $817 million a year ago. The increase reflected slightly higher net write-offs and delinquencies. Average analysts price target $132.33 | Overweight P/E ratio 14.76Longby Bullishcharts28
AXP Downward PressurePrice currently at SMA 200 support, but SMAs are overall putting downward pressure. Ichimoku cloud also above and turning downward. Entering short at previous support (just above current price), with a stop at the wicks. Putting target near Fib retracement and previous support line. ~3x PL risk ratio.Shortby MysticBlubberUpdated 2
AXP primed to run downIt looks like this has tried to bounce twice down here but the bulls just cannot win. Below all EMAs. Stop above last weeks candle. Target 2R.Shortby BruceD9752
AXP Top Completes with Break to the DownsideAXP has broken through the topping candlestick pattern formation support levels. The stock ran down to a lower support level, then bounced up. Current support is weak to moderate. by MarthaStokesCMT-TechniTrader1
AXP at Risk of a Rounding Topping FormationAXP has had a slow downward rounding candlestick pattern as the stock slips down in price. The price has stabilized for the moment at a Topping Completion support level. by MarthaStokesCMT-TechniTrader0
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSLongby GWAVE3
Gotta Be the End of Punishments!I shorted AXP back in July; Had it for several days and made decent profit (never mind the fact that the trade could yield much more if I had not closed it too soon). In any case, I think the short cycle is about to end and the price is about to start climbing like the old days. After scratching its legs and reaching all-time high in July, the price has moved down day after day. Due to fast sell-offs and recoveries, minor highs and minor lows are apparent in the price movement. This has formed a broadening wedge , descending. The pattern is more likely to be a reversal for the short-term trend. It acts as a consolidation phase for the long-term trend. Noteworthy to mention, volume increases as the pattern matures. AV is about 3.2 million in the beginning of the formation and for now, it has increased to 3.7 million. In the meantime, bullish momentum is entering into the market; both MACD and AO are confirming this. The 61.8 Fibonacci level or $114.00 would be an ideal entry, but I do not think the price would reach this level before moving up (I wish to be wrong on this just to increase my position size). This morning, I opened some long positions because the ~116 support level hold steady and I will possibly scale in if the situation arose... Cheers!Longby UnknownUnicorn2339202Updated 2
AXP -Weekly. Bull Put SpreadHigh Vol. High Beta Stock. Weekly RSI <25 and PA struggling to go below 117/116. Trend / Swing Trade Higher. (rather than my usual Reversal Setup) Taking 120 / 115 Put Credit Spread. Also picked up 125 Call for Directional Bias Higher. Oct Exp but aiming to Close in profit well before that... Good Luck - Watch your $$$ RISKLongby Quantamental3
AXP - Weekly - Bull Put SpreadW Chart RSI <20 PA consolidating around 122 right on mid BB%. Level. Looking for Reversal to mean higher. Taking 121/120 Put Credit Spread. with 123 Call for Directional Bias Higher. Sept Exp . Good Luck - Watch your $$$ RISKLongby Quantamental1
AXP Running UpThroughout the past couple of months, slow Dark Pool Quiet Rotation™ was going on while the stock was in Buyback mode. Professional Traders used AXP Buybacks to set up good runs until the past 2 weeks. Now Buybacks stalled, and Retail Traders have taken over. by MarthaStokesCMT-TechniTrader0
"Joe's earning season preview" EP02 : Let's Rock'n roll!The earning season already take places! Let's check out the major names that will have their earning report this week with me yo! Mon: C Tue: GS, JPM, JNJ,WFC,UAL, IBKR Wed: ABT, BAC, NFLX Thur: MSFT, MS, UNH and I got only 20 minutes so I didn't record down Friday names like AXP, BLK, and SLB! Let's see how they go this week yo! Long20:00by Trader_Joe_LeeUpdated 7712
looks pretty toppyJust tapped its 1.618 extension at the top of a multi-year TL top... Bearish divergence all over the place on the daily, weekly, monthly. Shortby chinawildman114
AXP: Another leg up?On the current up move from the Dec 2018 low, AXP has continually used prior resistance as support to push higher: the move in late March from around $108 to $120 moved off of the Feb highs and the current leg from $114 to $125 used the mid March highs as a starting point. Currently, AXP could be bouncing off the May 22 high around $121 in an effort to move higher yet again. The price action on Friday, June 14 is indicative of buying as the stock moved lower at the open but finished well off the lows. A further bull case could be made in the relative strength of AXP when compared to the S&P500. The orange line is the ES continuous contract (June contract) which highlights the strength of AXP: the S&P is around 2% below the high it printed in early May; whereas, AXP has printed fresh all-time highs. That isn't to say there aren't concerns, chief among them the shortened thrust of the current leg up: the prior legs of this current move were longer in duration (at least a month) and traveled farther. Indeed, the current leg up spanned just 7 sessions before seeing a retracement. Due to that, I wouldn't be surprised to see some consolidation at the current level (especially considering the FOMC meeting concludes on Wed of the coming week). However, the current setup does offer a low risk opportunity to participate in a potential move higher. Long on a move above the Friday (6/14) high with a stop below the low.Longby ForestTrader5
AXP Velocity RunAXP has a technically perfect “Velocity Run” which is very different from a momentum run. The velocity run ended with a profit-taking day on this chart. by MarthaStokesCMT-TechniTrader1
$AXP MUCH MORE UPSIDE POTENTIAL IN AMERICAN EXPRESSDue to the strong move in NYSE:AXP in 2019 it has now reached its analysts average price target, this makes upgrades very possible in the days to follow. From a technical view the chart is perfect, with a strong uptrend and a major breakout completed, indicators are all bullish and buy volume is dominant. This stock is a ideal inclusion for any portfolio and long term investment, as a cashless society becomes more and more likely. AVERAGE ANALYSTS PRICE TARGET $121.91 AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT P/E RATIO 15.44 COMPANY PROFILE American Express Co. engages in the provision of charge and credit card products, and travel-related services. It operates through the following segments: Global Consumer Services Group, Global Commercial Services, Global Merchant and Network Services and Corporate & Other. The Global Consumer Services Group segment issues a wide range of proprietary consumer cards globally. The Global Commercial Services segment provides proprietary corporate and small business cards, payment and expense management services, and commercial financing products. The Global Merchant and Network Services segment operates a global payments network that processes and settles card transactions, acquires merchants, and provides multi-channel marketing programs and capabilities, services, and data analytics. The Corporate & Other segment covers corporate functions and certain other businesses and operations. The company was founded by Henry Wells, William G. Fargo and John Warren Butterfield on March 28, 1850 and is headquartered in New York, NY.Longby RedHotStocks6