American Express (AXP) Offering Possible 17.65% Return Over the Next 14 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 $116.00 short put and a strike $111.00 long put offers a potential 17.65% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $116.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $111.00 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 75.87 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for American Express

Mastercard Up After Earnings Top Views; Euronet Beats, Guides High
Tue, 30 Apr 2019 20:06:18 +0000
Mastercard earnings beat estimates and revenue narrowly topped views early Tuesday. Euronet Worldwide also beat and gave strong guidance.

Here are the big stocks Buffett's betting on in 2019
Tue, 30 Apr 2019 17:38:07 +0000
Shareholders are gearing up to flock to Omaha, Nebraska, for Berkshire Hathaway's annual meeting this Saturday. The "Oracle of Omaha" is a fan of Apple, and Berkshire's top stocks are dominated by big banks, including Bank of America, Wells Fargo, J.P. Morgan Chase, and Goldman Sachs.

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.

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