AXP daily Aug 1st

AXP daily Aug 1st

AXP (American Express Co) hit the first target, T1 at 85.85, for a quick 6.6% gain from the short entry a week ago today when the stock crossed below the 91.95 entry trigger. In the previous post, I had stated T2 (84.10) as my preferred target although I very well may decide to ride the full position down to at least T3, the current final target at 78.67, depending on how AXP, the rest of the financial sector, and the broad markets trade going forward.

click here to view the live, annotated chart of AXP

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