Score 9.3 (out of 10): AMERICAN EXPRESS CO sets up for +3.8% rally in 1 month

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What’s Going On Here?

Amex relaunches the Blue Cash Everyday Card: Earn more cash back on gas and online purchases, statement credits for Disney+ bundle and more.

Why Now?

AMERICAN EXPRESS CO has reached a new shorter-term high. Previously, during similar occasions, AMERICAN EXPRESS CO shares had a median return of +3.8%, over the following 1 month – based on 10 historical occasions with 10 of those showing positive returns (100% hit ratio). This buy signal for AMERICAN EXPRESS CO received a high score of 9.3 (out of 10). This insight was generated on 2022-July-19 with last price of 147.78.

What’s This Company About?

AMERICAN EXPRESS CO is in the Finance-Credit Card business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: AXP US.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 153.45 (+3.8%) has been reached. Based on AMERICAN EXPRESS CO’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 140.88 (last price at 147.78), which is equivalent to a -4.7% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

7.3% (January-2022), 5.4% (September-2021), 1.3% (June-2021), 5.6% (April- 2021), 3.9% (January-2021), 3.8% (November-2020), 4.7% (August-2020), 0.7% (April-2020), 3.8% (January-2020), 0.5% (October-2019).

Historical Chart:

Summary:

NameAMERICAN EXPRESS CO
ViewUp
Star (1 to 10)9.3
Target3.8%
Time1 month
Hit Rate100%

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