American Express (AXP) Offering Possible 28.53% Return Over the Next 20 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 $117.00 short put and a strike $112.00 long put offers a potential 28.53% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $117.00 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $3.89 would be incurred if the stock dropped below the $112.00 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 44.96 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 Long-Term Payers Declare Dividends
Tue, 24 Sep 2019 19:04:37 +0000
American Express among companies who increased their quarterly distribution Continue reading…

Tampa Bay among top areas for women-owned business growth
Tue, 24 Sep 2019 15:48:53 +0000
The Tampa-St. Petersburg area is among the top metropolitan areas for women-owned businesses, according to a recent study.  The report, which was conducted by American Express (NYSE: AXP), used data from the Census Bureau to rank the nation's top 50 metropolitan areas based on their growth of women-owned businesses, the number of jobs they created and the firms’ revenue growth between 2014 and 2019. Tampa Bay had the 12th highest growth of women-owned businesses and 25th best growth for new jobs. Overall, the bay area had the fourth best job growth and third best new job creation among Florida’s metro areas.  Over the last five years, Miami had the fourth best business growth overall and the best growth in Florida.

CORRECTING and REPLACING American Express and National Trust for Historic Preservation Honor Women’s History From Coast to Coast
Tue, 24 Sep 2019 15:24:00 +0000
Last paragraph, first sentence of release should read: a joint venture between National Geographic and Disney (instead of a joint venture between National Geographic and 21st Century Fox). Last paragraph, third sentence of release should read: the core purpose of National Geographic for 131 years (instead of the core purpose of National Geographic for 130 years).

American Express Hikes Dividend to Boost Shareholder Value
Tue, 24 Sep 2019 15:15:03 +0000
American Express (AXP) clears a quarterly dividend hike and also approves a share buyback to boost its shareholder value.

American Express Stock Could Reward Dip Buyers
Tue, 24 Sep 2019 14:54:45 +0000
American Express stock has pulled back to strong support after hitting an all-time high and could bounce strongly in coming weeks.

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