American Express (AXP) Offering Possible 24.69% Return Over the Next 7 Calendar Days

American Express’s most recent trend suggests a bearish bias. One trading opportunity on American Express is a Bear Call Spread using a strike $115.00 short call and a strike $120.00 long call offers a potential 24.69% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $115.00 by expiration. The full premium credit of $0.99 would be kept by the premium seller. The risk of $4.01 would be incurred if the stock rose above the $120.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for American Express is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for American Express is bearish.

The RSI indicator is at 37.21 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for American Express

Hedge Funds Have Never Been Less Bullish On American Express Company (AXP)
Wed, 09 Oct 2019 20:04:02 +0000
World-class money managers like Ken Griffin and Barry Rosenstein only invest their wealthy clients’ money after undertaking a rigorous examination of any potential stock. They are particularly successful in this regard when it comes to small-cap stocks, which their peerless research gives them a big information advantage on when it comes to judging their worth. […]

Visa, American Express share gains lead Dow’s 183-point jump
Wed, 09 Oct 2019 16:12:00 +0000
DOW UPDATE Led by strong returns for shares of Visa and American Express, the Dow Jones Industrial Average is climbing Wednesday afternoon. The Dow (DJIA) is trading 183 points, or 0.7%, higher, as shares of Visa (V) and American Express (AXP) are contributing to the index’s intraday rally.

 U.S. Small and Midsize Businesses Have Identified New Avenue for Growth Through Corporate Contracts
Wed, 09 Oct 2019 14:05:00 +0000
U.S. small and midsize businesses are often referenced as the backbone of the country’s economy thanks to their drive and ambition to grow and scale but finding new opportunities to expand a business is often challenging. To explore the perspectives of small and midsize businesses on ways to grow, American Express conducted the first ever Survey of Small and Midsize Business Suppliers in 2019. The survey results, which includes responses from 501 small and midsize companies with revenues between $250,000 to $1 billion annually, suggest a bright future ahead for businesses who tap into this new avenue for growth.

Buffett: Everyone Has Ideas, but the Best Only Act on 1 or 2
Thu, 03 Oct 2019 17:32:25 +0000
The Oracle of Omaha explains why it pays to be inactive when you’re looking for investments Continue reading…

Looking Back at Warren Buffett and American Express in 1962
Thu, 03 Oct 2019 16:59:04 +0000
The Oracle of Omaha explains why he decided to buy into the struggling credit business Continue reading…

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