American Express shares reached an all-time high of $219 on Wednesday due to bullish momentum and six consecutive weeks of gains.
American Express shares reached an all-time high of $219 during the intraday session on Wednesday, driven by bullish momentum and six consecutive weeks of gains. The stock has grown by 55% in the past four months and has an optimistic outlook based on recent earnings reports. Despite a lack of significant new catalysts, the stock's 14-day Relative Strength Index (RSI) indicates overbought conditions. American Express's shares have a consensus rating of "Hold" and a consensus target price of $189.
February 28, 2024
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