Gunning's Trading Diary

My trades, forecasts and recommendations.

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AXP Oversold

6 Feb 1:30am

American Express Company

AXP (NYSE)

Forecast has expired Ended: Thursday February 21, 2008

Target

$48.00 and above

$2.30 (5.0%)

Time Span:2wks and below

Final

$22.27

-$23.43 (51.3%)

Recommendation

Rating:Buy

Risk:Balanced

Stop Loss Price:$42.00

Final XP: 441

Target not reached

Analysis

AXP oversold following UBS Downgrade and weaker earnings. Currently trading well below fair value. Target $48 on the bounce back.

About

gunning

Recreational offshore investor. Interested in NYSE equities and Forex. I am using BullPoo to validate some (mostly contrarian) investment strategies that I have worked out.

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