American Express (AXP) Offering Possible 19.05% Return Over the Next 17 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 $79.00 short call and a strike $84.00 long call offers a potential 19.05% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $79.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $84.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for American Express is bearish and the probability of a decline 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 45.52 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

AmEx Increases CEO Chenault’s Pay by 3%
Tue, 31 Mar 2015 04:30:44 GMT
The Wall Street Journal – American Express awarded CEO Kenneth Chenault a pay package valued at $25.1 million for his work in 2014, up 3% from the previous year.

Final Glance: Credit Card companies
Mon, 30 Mar 2015 21:56:31 GMT

Final Glance: Credit Card companies
Mon, 30 Mar 2015 21:56:31 GMT
AP – Shares of some top credit card companies were up at the close of trading: American Express Co. rose $.08 or .1 percent, to $78.05. Capital One Financial Corp. rose $.55 or .7 percent, to $79.20. Discover …

How Does A Rich Man Speculate?
Mon, 30 Mar 2015 21:12:00 GMT

American Express Boosts Chenault's Pay 2.9% to $25.1 Million
Mon, 30 Mar 2015 20:18:50 GMT

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