American Express Raises Forecasts Amid Spending Boom – Is AXP Stock Poised to Soar?
AXP Stock Near Highs on Earnings Momentum American Express shares have been on a tear in recent months. The stock surged roughly 50% off its April lows following market jitters over tariffs, ultimately reaching a record high of $349.19 earlier this month schwabnetwork.com. After peaking, AXP saw a quick 9.5% pullback over 14 trading days to around $315, before buyers stepped in. Notably, a single-session jump of +3% on Tuesday, October 14 helped break the downtrend and lifted the stock back above its 21-day moving average near $329 schwabnetwork.com. As of October 17, AXP hovers around the $330 level, putting