American Express Shares Likely Forming Head And Shoulders Pattern

 | Apr 19, 2015 01:53AM ET

AXP shares possible forming a head-and-shoulders pattern with $82.50 being the neckline. Price tested this level from the downside unsuccessfully in March. H&S could offer $70 as the price target to bears.

American Express Company (NYSE:AXP) (2 years):