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American Express Shares Climbing Higher, Up 1.8%

Published on Fri, 02/01/2013 - 11:28
By Adrienne Chilton

American Express (NYSE:AXP), a company whose shares are moving quickly, is trading 1.8% higher to $59.85. The S&P is currently trading 0.7% higher to 1,509 and the Dow Jones Industrial Average is trading 0.9% higher to 13,992.

American Express (NYSE:AXP) has potential upside of 8.0% based on a current price of $59.85 and analysts' consensus price target of $64.65. The stock should find initial support at its 50-day moving average (MA) of $57.94 and further support at its 200-day MA of $57.41.

American Express Company is a global payment and travel company. The Company's principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.

American Express share prices have moved between a 52-week high of $61.97 and a 52-week low of $48.90 and are now trading 22% above that low price at $59.85 per share. The 200-day and 50-day moving averages have moved 0.07% higher and 0.71% higher over the past week, respectively.

By Adrienne Chilton