American Express Company : The downward trend should continue
Entry price | Target | Stop-loss | Potential |
---|
US$95.3 |
US$82 |
US$101 |
+13.96% |
---|
The movement to the downside is still in force and should gain in strength over the next trading sessions based on our expectations.
Weaknesses● According to forecast, a sluggish sales growth is expected for the next fiscal years.
● The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.
● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
● For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
● For the past year, analysts have significantly revised downwards their profit estimates.
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