American Express Company (AXP) inched slightly higher in its latest intraday trading, supported by continued positive momentum from trading above its 50-day simple moving average, while maintaining control of its main short-term uptrend with movements along a supportive ascending line. However, we notice the emergence of a negative crossover on the relative strength indicators after reaching extremely overbought levels, which has limited the stocks recent gains.

Therefore, we expect the stock price to rise in its upcoming trading sessions, as long as it remains above $354.60, targeting the resistance level of $391.75.

Todays price forecast: Bullish.