Most of the leading credit card stocks, today, are coming under some early selling pressure. Traders and investors seem to be selling the entire industry group as just about every leading stock in the sector is declining. American Express Co. (AXP) is one of the leading stocks in the industry group. This stock is declining lower by 0.72 cents to $54.97 a share. Short term traders should watch for intra-day support around the $54.75, and $54.35 levels. The daily chart of AXP stock is still trading below the important 50, and 200-day moving averages which puts this stock in a weak technical position.
Other leading credit card stocks that are trading lower today include Mastercard Inc. (MA), Visa Inc. (V), Capital One Financial Corp. (COF) and Discover Financial Services (DFS). While these stocks are all struggling today, the sector will generally hold up well around the Christmas holidays.