Image Source: Pixabay
 

Today’s instrument is the American Express Co. stock traded in NYSE exchange under the ticker AXP. 

Looking at the AXP’s chart, we can see that it climbed to the last close price at around $178.

American Express Co. has scheduled its third-quarter earnings announcement in two days, on the 21st of July 2023. If the market’s anticipation is positive, then we could expect the price to move upwards and test its 52W high at $182.15. On the other hand, it could retreat back towards its support level at around $170 and if it fails to hold it above that level, then it could approach the next support level at around $155.

(Click on image to enlarge)

More By This Author:

Daily Technical Analysis Of USDJPY - Tuesday, July 18
Daily Technical Analysis Of EURGBP - Monday, July 17
Technical Analysis Of Netflix Inc. - Monday, July 17