AMERICAN EXPRESS C- BEARISH SCENARIO
Over the past year, many American Express Company insiders sold a significant stake in the company. The biggest single sale by an insider was when the Chairman & CEO, Stephen Squeri, sold US8.6m worth of shares. Not only that but the company`s local unit in Australia (AmEx) was taken by the Australian securities regulator for a misleading credit card program.
The expectations are for a breakout of the local trend and a continuation of the major downtrend.
Price target $132
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
The expectations are for a breakout of the local trend and a continuation of the major downtrend.
Price target $132
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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