Bullish DailyPlay for Thursday Dec 28th, 2017 – American Express (AXP)
The bullish DailyPlay we chose for Thursday Dec 28th is American Express (AXP). AXP is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 6.87% move higher and its 1m and 6m trend has turned bullish on 11/28 and bounce higher off its $27.60 support level.
American Express’s 1m and 6m trends turned bullish on 11/28 and recently bounced higher off its $98 support level. With a technical score of 8 (out of 10), AXP is a strong bullish stock that is likely to continue higher.
As a stop loss, if AXP was to trade below $98 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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