American Express Co. (AXP) likely to breakout in Wednesday's session

Amercian Express Co. (NYSE: AXP) is likely to show a breakout once it breaches 52 week high on Wedneday, as at $41.36, American Express Company (AXP) is just a shade below its 52 week high.

The chances would be further strengthened by fact, that American Express Co. (AXP), has confirmed that it would acquire a Internet payment firm Revolution Money for about $300 million in early 2010.