American Express (AXP) Offering Possible 10.62% Return Over the Next 16 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 $115.00 short put and a strike $110.00 long put offers a potential 10.62% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock dropped below the $110.00 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 72.05 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

3 Reasons American Express Is a Buy
Mon, 29 Apr 2019 21:30:00 +0000
What do all three have in common? They all show that management is working diligently to ensure that its account holders can engage with their cards and rewards in more ways than ever before.

American Express Credit Account Master Trust, Series 2019-2 — Moody's assigns definitive ratings to American Express 2019-2 card ABS
Mon, 29 Apr 2019 17:10:05 +0000
Moody's Investors Service (“Moody's”) has assigned a definitive Aaa (sf) rating to the Class A 2.67% Asset Backed Certificates and a definitive Aa3 (sf) rating to the Class B 2.86% Asset Backed Certificates of Series 2019-2 issued by the American Express Credit Account Master Trust, sponsored by American Express National Bank. Moody's also announced today that the issuance of the Series 2019-2 Certificates on April 29, 2019 would not, in and of itself and as of this time, result in the downgrade or withdrawal of the ratings assigned to any class of outstanding securities issued by American Express Credit Account Master Trust.

American Express Stock Is Expensive and Loan Losses Are Mounting, Analyst Says
Mon, 29 Apr 2019 16:14:00 +0000
UBS downgraded American Express stock, saying the credit-card company’s shares may have become too expensive.

Warren Buffett boosts stake in Delta Air Lines to nearly 11%
Fri, 26 Apr 2019 22:38:19 +0000
Warren Buffett, CEO of Berkshire Hathaway, has increased his stake in Delta Air Lines. Berkshire Hathaway's stake in Delta ticked up to nearly 11% in 2018 from 7.6% the prior year, according to a proxy statement filed Friday. Buffett's company reportedly bought 5,368,956 additional shares of the airline on March 6, 7 and 8 at prices ranging from $49.45 to $49.88 per share.

Discover Financial (DFS) Q1 Earnings, Revenues Top Estimates
Fri, 26 Apr 2019 15:45:03 +0000
Discover Financial's (DFS) Q1 earnings increase year over year on the back of solid revenue growth and higher loans.

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