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Opinion on American Express Company (AXP) Sector: Financial > Industry: Consumer Financial Services
AXP 20080808

Aug 08, 2008 05:47 PM GMT

mathmeister

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+32.40%	LOW

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AXP is very oversold. Market has overreacted to soft economy and its negative impact on AXP. Stock is moving up sharply off of 5-year lows with heavy volume. As the excess disposible income produced from the continued drop in oil prices begins to work its way through the economy, AXP will see a consequent recovery in earnings. Once stock passes minor resistance at 40, it should move quickly back to resistance around 50.

AXP: This call was made on 08/08/08 @ $37.43

Rating:	$37.43 (08/08/08)
Gain/Loss:	+4.33% in 458 days
Target:	$70.00 (+87.02%) in > one year
Allocation:	11.1% of portfolio

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American Express Company (AXP)

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Opinion on American Express Company (AXP) Sector: Financial > Industry: Consumer Financial Services AXP 20080808

Opinion on American Express Company (AXP) Sector: Financial > Industry: Consumer Financial Services
AXP 20080808