American Express Co. has broken through a line of 171.49 and suggests a possible movement to 167.06 within the next 13 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 7 days.
Big movement expected on American Express Co. after a breach of 171.49
