American Express (AXP) Offering Possible 15.74% Return Over the Next 26 Calendar Days

American Express's most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 15.74% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock dropped below the $80.00 long put 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 up which suggests that the medium-term momentum for American Express is bullish.

The RSI indicator is at 53.37 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

Walmart and Apple go head to head over Apple Pay
Tue, 28 Oct 2014 00:52:29 GMT

American Express says Vente-Privee USA to close by year-end
Mon, 27 Oct 2014 21:48:13 GMT

American Express says Vente-Privee USA to close by year-end
Mon, 27 Oct 2014 21:33:42 GMT

American Express says Vente-Privee USA to close by year-end
Mon, 27 Oct 2014 21:29:44 GMT
Reuters – American Express Co, the world's largest credit card issuer, said it would close its joint venture with French online start-up Vente-Privee by the end of the year. Vente-Privee sells luxury fashion, wine and music at steep discounts in “flash sales” that last three to five days. Vente-Privee began operating in the United States in 2011 in a joint venture with American Express to access an affluent client base of card holders, giving it instant credibility and brand recognition despite not being a household name outside Europe. “Both companies decided that given the road to profitability for vente-privee USA was going to be longer than expected, it was time to focus on other priorities,” American Express' spokeswoman Leah Gerstner said in an email.

How CurrentC works
Mon, 27 Oct 2014 15:40:00 GMT

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