The bearish DailyPlay we chose for Tuesday November 10th is American Express Co (AXP). AXP is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 5.32% move higher and its 1m and 6m trend recently turned bullish on 11/2.
American Express Co’s 1m and 6m trends have turned bearish on 10/22 and recently bounced lower off its $75 major resistance level. With a technical score of 4 (out of 10), AXP looks positioned to continue this strong bearish trend lower.