Rebounding American Express To Take Advantage Of Positive 2018 Outlook


American Express (AXP) is set to release Q4 and annual earnings report on January 18, 2018, as a controversial year in the digital currency scene comes to a close. Despite the sudden popularity in cryptocurrency, American Express saw a nice rally from the beginning of September to the end of 2018 from about $85 to $100. Like many successful companies at the high end of their 52-week trading range, a fundamental confirmation of the rallies will be necessary to extend the positive price trend into 2018. With AXP only recently recovering from a dip in earnings, the company should hope to see some strong results to bolster the optimism.


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