AXP Reclaims Uptrend After Successful Retest of Breakout Level

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AXP Reclaims Uptrend After Successful Retest of Breakout LevelAmerican Express CompanyBATS:AXPfinvestnomicsAXP is attracting buying interest after successfully retesting the $337.04 breakout level, which previously acted as resistance and has now turned into support. The stock has resumed its uptrend, making higher high and higher low while trading above its well-aligned 20-day and 50-day moving averages. American Express Company is a $240.15 billion market-cap company engaged in card issuing, merchant acquiring, and payment network services. Its offerings include consumer and business credit cards, corporate payment programs, gift cards, savings products, certificates of deposit, and the American Express mobile app. The company operates through five segments: United States Consumer Services (USCS), Commercial Services (CS), International Card Services (ICS), Global Merchant and Network Services (GMNS), and Corporate and Other. It also maintains a broad international footprint across the United States, EMEA, APAC, Latin America, Canada, and the Caribbean. AXP is a wide-moat company that has delivered consistent revenue growth over the last three quarters. The company maintains solid profitability, with operating and net margins of 21% and 14%, respectively. It also generates strong returns, with ROE of 34% and ROA of 13%. Its debt-to-equity ratio stands at 1.8x, which remains manageable given the nature of its financial services business and its strong earnings power.