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AXP Final Target Hit for a 14.4% Profit

AXP daily Oct 15th The AXP (American Express Co.) short trade hit the final target, T3 at 78.67, yesterday for a 14.4% gain from the entry price of 91.94 on July 28th. Consider booking full profits as the R/R no longer warrants remaining short at this time.

Oct 16, 2014 8:39am|Categories: Completed Trades - Short|Tags: |Comments Off on AXP Final Target Hit for a 14.4% Profit

AXP First Profit Target Hit

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 [...]

Aug 1, 2014 5:40pm|Categories: Completed Trades - Short|Tags: |Comments Off on AXP First Profit Target Hit

AXP Short Trade Setup

AXP daily July 25th AXP (American Express) will trigger a short entry below 91.95 (this morning's reaction low). My current preferred swing target at this time is T2 at 84.10 with a final target, T3 at 78.67. Suggested stops would be dependent on one's preferred profit target(s), using an R/R of 3:1 or [...]

Jul 25, 2014 10:55am|Categories: Completed Trades - Short|Tags: |Comments Off on AXP Short Trade Setup

Short Trades Updated

The following short trades will be moved to the Completed Trades category.  While none of these trades reached their final price target, many of these trades did hit one or more profits targets before bouncing & exceeded their previously suggested (or any reasonable) stop level(s).  As the charts on some of these trades still remain [...]

Oct 28, 2013 10:23am|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , , , , , , |Comments Off on Short Trades Updated

AXP Short Update

Today earnings-induced jump in AXP (American Express Co.) has pushed the stock right into the upper-wedge trendline while further extending the divergence on the MACD & RSI.  T2 remains the preferred swing target with a suggested stop slightly above today's highs.  Note how the 13% correction in AXP back in May 2012 was preceded by [...]

Oct 17, 2013 11:12am|Categories: Completed Trades - Short|Tags: |Comments Off on AXP Short Update
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