BofA Reiterates Buy Recommendation for American Express, Target $381

Bank of America’s buy recommendation and $381 target generate significant bullish pressure relative to the current $329 level. Technical indicators signal a short‑term rally: the 20‑day simple moving average (SMA) is above the 50‑day SMA, and the latest close has risen 4.6%. The RSI sits at 67, close to overbought territory, but the MACD remains slightly below its signal line, mitigating the risk of an abrupt short‑term surge. Over the next one to three days, investors may see the price trade between $340 and $350 as buying pressure, supported by positive news, intensifies. Nonetheless, the elevated RSI and MACD lagging the signal line suggest that a sudden correction should also be considered.