AXP, daily
Near term upside would be around $61/62. From a MACD cycle perspective, AXP will go + cycle Friday morning - so there will almost certainly be follow through to close the week extremely strong. Only a move under the lower channel line of $55/54 would be bearish.
From an 8 month perspective on the daily chart, AXP has had one strong and consistent upward run, and right now, there is no sign of a turn lower...not even a moderate consolidation.
I can only imagine how many consumers in the western world are buying all their iPhones and iPads with their American Express card. AAPL and AXP...the foundation of the US economy. Great huh?
