By the end of the year, AXP will have earnings of 3.30 (as per consensus Yahoo estimates). If we assume a trailing PE of 14, AXP should be around 46 by year end. AXP has been consistently trading with a trailing PE of 14-15 since the crash. (I verified this myself.)
The chart looks interesting here. AXP is clearly in a mid-term negative trend, but near its bottom end support.

If valuation means anything, AXP will see 46. If it sees 46, it will breakout technically and potentially go higher.
I was originally planing on selling at 41, but with the above assessment, I will sell at 46.
(If AXP decides to re-test 37, I will double down.)
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