American Express Company(AXP) has rising momentum with an uptrend

(28-Apr-2008) (28-Apr-2008) American Express Company(AXP) closed at 47.89, up 0.12 or 0.25 % for the day. Based on our analysis, American Express Company(AXP) has rising momentum with an uptrend.

The closing price of American Express Company(AXP) is above its 50 day moving average of 44.44 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that American Express Company(AXP) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 25-Apr-2008, about 3 trading days ago.