Shares of American Express (AXP) have stayed strong in recent days as merchants, and of course traders, look forward to the lifting of international traffic restrictions from the pandemic. We looked at AXP on October 22, writing that "Traders could go long AXP on a shallow dip. Risk to $169 and $222 is our first price target."
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Let's check out the charts to see the best course of action for investors.
It doesn't take much imagination to see how the average consumer is falling behind and losing substantial buying power.
I have my eye on relative strength in groups that have lagged for a very long time.
I do believe that the risk/reward proposition is starting to think about smiling favorably on Ford.