American Express: buy signal with double bottom and a ceiling to clear

American Express receives a fresh buy signal in its 1st week, but the picture is straightforward: weak conviction, 10th place among the 12 fresh Longs for US stocks, quality setup indicator at 55 out of 100 in ordinary phase. The structural strength is the double bottom formed in the 302 area over recent weeks, with a 6% intermediate rebound. The entry trigger fires only on the breakout of the 7-day high, in the 348 area.