This frontline stock has caught the travel virus

• American Express (AXP) is trading at new all-time highs and showing strong technical momentum here.

• The stock maintains a 100% “Buy” opinion on Barchart.

• AXP made a gain of 32.15% over the past year and the stock is up 9.12% in the past month.

• Analyst sentiment is mixed, but most individual investors and several major companies maintain bullish ratings and high price targets for AXP.

Valued at $248 billion, American Express (AXP) is a diversified financial services company that offers payment and credit card products and travel-related services worldwide.

I found today’s Chart of the Day using Barchart’s powerful selection features to select stocks with the highest technical Buy signals; current momentum superior in both strength and direction; and a “buy” signal from Trend Seeker. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. AXP checks those boxes. Since Trend Seeker signaled a new “buy” on October 20, the stock has gained 2.98%.

Editor’s note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. Therefore, the indicator numbers shown below may not match what you see live on the Barchart.com website when you read this report. These technical indicators form Barchart’s opinion on a particular stock.

American Express hit an all-time high of $365.75 in intraday trading on October 1.

• AXP has a weighted alpha of +31.70.

• American Express has a 100% “Buy” opinion on Barchart.

• The stock gained 32.15% over the past year.

• AXP has its Trend Seeker “Buy” signal intact.

• The stock recently traded at $361.45 with a 50-day moving average of $336.21.

• American Express has hit 11 new highs and gained 9.12% over the past month.

• The Relative Strength Index (RSI) is at 66.76.

• There is a technical support level around $357.16.

• Market cap of $248 billion.

• Price-earnings ratio of 24.09x.

• 0.91% dividend yield.

• Revenue is projected to grow 9.30% this year and another 8.86% next year.

• Earnings are estimated to increase by 15.83% this year and an additional 12.46% next year.