Volatility Price Breakout in American Express This Week

Analysts are assuming American Express' AXP earnings growth rate of 10% in 2011 will lag their SP500 earnings growth rate of 13%. If the job market improves from this point forward, AXP's earnings growth rate should exceed the SP500 by a long shot. In short, the analyst forecasts are wrong, and AXP will henceforth outperform the broad mkt. The price breakout this week above the 40 week upper volatility band and above the $44.27 high of November today indicates the Nov lows at $41.41 should hold and further bullish confirmations above the July 2010 high $45.68 and the 2010 year high at $49.19 will be seen in the coming months.