American Express: fresh sell signal, but the picture calls for caution

American Express receives a fresh weekly sell signal, ranking 98th among the 114 sell signals for US stocks. The week was one of indecision, with a minimal decline. On the daily chart, a double bottom is forming in the 302 area with a 6% intermediate rebound, and the weekly MACD has just crossed bullish. The quality band flags trading as not recommended: opening a short here is at elevated risk per our model.