The stock value of Ameriprise Financial, Inc. or AMP in the New York Stock Exchange had been going up from March of 2009 up to May of this year. After that, it broke down from its uptrend and could now be setting up a head and shoulders formation. In case the AMP stock value breaks down from the neckline of the possible head and shoulders formation, it could slide all the way to the $33.66-34.14 support levels. If that support doesn’t hold on, the stock price could drop to the $30.00 psychological support. If the stocks start to ascend, $41.06 could be the immediate resistance. Upon clearing that price mark, the next resistance could be $49.54.
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