With earnings season upon us, volatility – and thus opportunity – will be the order of the day.
Today, I present a new short signal for American Express Co (AXP). The company reports earnings on July 19; the company has had quite a run since the election of Donald Trump, but the fact is that fundamental challenges likely remain for the company. AXP has shown two prior sell signals around this price – back in late February, then again at the end of April. Both signals were followed by 5% drop.