Unleashing the Bull: Why AXP is Poised for a Breakout!

Current Price: $324
Stop Loss: $310 (below key support). ( very tight SL )
TP1: $340 (short-term breakout target).
TP2: $360 (channel resistance).
TP3: $370 (analyst high target).


1️⃣ Strong Earnings Potential (Jan 24, 2025)

Analysts expect EPS of $3.03 (+15.7% YoY) and revenue of $17.18 billion (+8.8% YoY).
Solid growth driven by resilient consumer spending and premium travel recovery.

2️⃣ Premium Client Spending

AXP focuses on affluent clients, benefiting from higher spending levels and limited credit risk.
Strong performance in the travel and entertainment segments aligns with rising global travel demand.

3️⃣ Bullish Technicals

Channel Breakout: AXP has broken out above the ascending channel, signaling bullish momentum.
Indicators:
RSI above 70 indicates strong momentum.
MACD confirms bullish crossover.
Increased volume supports the breakout.

4️⃣ Interest Rate Tailwinds

Elevated interest rates enhance AXP’s interest income, bolstering profitability in its lending business.

5️⃣ Analyst Sentiment

Consensus Price Target: Analysts' median target of $360, with high-end forecasts at $370, offers an upside potential of 11% to 14% from the current price.