The stock has technical support in the $17-$20 price area. If the shares can firm up, we see overhead resistance around the $30 price levels. We would remain on the sidelines for now.

American Express Company is not recommended at this time, holding a Dividend.com DARS Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system.
At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.

Tom Reese and Paul Rubillo are senior editors of Dividend.com. Visit Dividend.com for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.

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