OptionsPlay DailyPlay

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.

Click here to View this Trade on $AXP