AXP American Express Feb 10


has been a great stock to play and once again it is approaching a point where it may get interesting. Depending how you slice it, the real support is at around $10-$5, it should not go through that or it will go off the board.

axpfeb10 2

It is still far away from that level but it is making a wedge like structure that is comparable to what we had on RIM recently. For the moment do nothing but if it holds $14 it may zoom up to $22. We will keep an eye on it.