This Blue-Chip Stock Has Caught the Travel Bug

Core Viewpoint - American Express (AXP) is a diversified financial services company with a market capitalization of $248 billion, offering charge and credit payment card products and travel-related services globally [1] Technical Analysis - AXP has shown strong technical momentum, maintaining a 100% "Buy" opinion from Barchart, with a recent stock price of $361.45 and a 50-day moving average of $336.21 [6][7] - The stock has gained 32.15% over the past year and 9.12% in the last month, with a recent Trend Seeker "Buy" signal intact [6][7] - American Express reached an all-time high of $365.75 in intraday trading on October 1 [4] Financial Performance - Revenue is projected to grow by 9.30% this year and an additional 8.86% next year [8] - Earnings are estimated to increase by 15.83% this year and 12.46% next year [8] Market Indicators - AXP has a Weighted Alpha of +31.70 and a trailing price-earnings ratio of 24.09x [7] - The Relative Strength Index (RSI) is at 66.76, indicating strong momentum [7] - There is a technical support level around $357.16 [7] - The stock has made 11 new highs recently [7]