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AXP – Leave Home Without It

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

One powerhouse of a stock which is showing signs of weariness is American Express (AXP). Take note of how it’s already done some damage to its long-term uptrend, and how it has formed a small, but clean, distribution top.

A much longer-term picture shows the enormity of the wedge.

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