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American Express (AXP) NewsBite - AXP Hits 52-Week High

Nov 05, 2009 (Fresh Brewed Media via COMTEX) --

Company: American Express Co. (AXP)

American Express (NYSE: AXP) hit a new 52-Week high of $37.44 so far today. Currently the stock is up $1.37 (3.81%) to $37.33 on 8,280,456 shares traded. Today's high is up $27.62 from a 52-Week Low of $9.71. American Express stock has been showing support around $35.24 and resistance in the $37.08 range. Technical indicators for the stock are neutral and S&P gives AXP a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on AXP the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 33 range.

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Company: American Express Co. (AXP)


Related terms: nyse, S&P

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