Friday, May 15, 2009

AXP Breakdown

If you aren't watching, you are missing American Express in a technical breakdown. The stock fell below the 20 day MA and the 200 day MA all in one day. This is likely to result in a slide in AXP as the 20 day MA will move away from the 200 day MA and eventually cross the 50 day MA as a clear bearish confirmation ..

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