American Express slips, and the technicals suggest more downside
American Express (AXP) pulled back sharply yesterday, falling more than 4% following news that President Trump plans to cap credit card interest rates at 10%. The reaction was immediate, and given how extended the stock had become, the move lower was not entirely surprising to me.
American Express (AXP) pulled back sharply yesterday, falling more than 4% following news that President Trump plans to cap credit card interest rates at 10%. The reaction was immediate, and given how extended the stock had become, the move lower was not entirely surprising to me.
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