user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 420556 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

American Express's Shares Changing Hands at Higher Prices on 1.3x Above-Average Volume (AXP)

Published on Fri, 01/11/2013 - 14:12
By Peter Chu

American Express shares are trading on heavy volume today, having risen 0.5% to $61.09. About 6.9 million shares have been traded today, as compared to the 30-day average volume of 5.3 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

In the past 52 weeks, American Express share prices have been bracketed by a low of $48.12 and a high of $61.97 and are now at $61.09, 27% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

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 has overhead space with shares priced $61.09, or 4.4% below the average consensus analyst price target of $63.92. The stock should discover initial support at its 200-day moving average (MA) of $57.27 and subsequent support at its 50-day MA of $56.73.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Recent 52-Week High Exceeded in Shares o...

Shares of Xerox (NYSE:XRX) traded at a new 52-week high today of $13.88. This new high ...

Web.com Group Inc: New 52-Week Low Set T...

Shares of Web.com Group Inc (NASDAQ:WWWW) traded at a new 52-week low today of $18.80. ...

Shares of Washington Real Estate Investm...

Washington Real Estate Investment Trust (NYSE:WRE) traded at a new 52-week high today o ...

Watch for Continued Gains in Shares of W...

Shares of WPX Energy (NYSE:WPX) traded today at $26.76, breaking its 52-week high. Thi ...

VCA Antech: 52-Week High Recently Eclips...

VCA Antech (NASDAQ:WOOF) traded today at a new 52-week high of $41.12. This new high w ...

WellPoint Looks to Continue to Trade Abo...

WellPoint (NYSE:WLP) traded at a new 52-week high today of $117.32. Approximately 862, ...

Whiting Petroleum: 52-Week High Recently...

Shares of Whiting Petroleum (NYSE:WLL) traded today at $92.92, breaking its 52-week hig ...

Shares of Vector Group Rise Above Previo...

Vector Group (NYSE:VGR) traded today at a new 52-week high of $23.76. So far today app ...