American Express (AXP) Offering Possible 56.25% Return Over the Next 20 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 $83.00 short call and a strike $88.00 long call offers a potential 56.25% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $83.00 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $3.20 would be incurred if the stock rose above the $88.00 long call 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 down which suggests that the medium-term momentum for American Express is bearish.

The RSI indicator is at 55.71 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

Were Hedge Funds Right About American Express Company (AXP)?
Thu, 23 Apr 2020 21:31:01 +0000
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Here's How Much Investing $100 In American Express in 2010 Would Be Worth Today
Thu, 23 Apr 2020 11:51:25 +0000
Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY)total return for the decade was 250.5%. But there's no question some big-name stocks did much better than others along the way.American Express' Difficult Decade One lackluster investment of the last decade was credit card giant American Express Company (NYSE: AXP).American Express kicked off the 2010s with a warning from the UK Office of Fair Trading warning the company against encouraging customers to convert unsecured credit card debts into secured debt.In 2012, the U.S. Consumer Financial Protection Bureau ordered American Express to return $85 million to 250,000 due to a wide range of abuses from 2003 to 2012, including misleading statements related to signup bonuses, charging illegal late fees and age-based discrimination against card applicants.American Express also ended a 12-year partnership with Costco Wholesale Corporation (NASDAQ: COST) in 2016. American Express was replaced by Citigroup Inc (NYSE: C) as the exclusive issuer of Costco cards and by Visa Inc (NYSE: V) as the exclusive credit card network accepted at Costco stores.American Express started the 2010s trading at around $41. Within months, the stock had dropped to $36.60, its low point of the 2010s. From that point through mid-2014, American Express shares traded steadily higher with few interruptions, reaching $96.24 before stalling out.Over the next two years, American Express shares traded sharply lower, bottoming out at $50.27 in early 2016.2020 And Beyond American Express ultimately reached its 10-year high point of $138.13 in early 2020.Unfortunately, the stock has taken a nosedive thanks to COVID-19, dropping to a new multi-year low of $68 before bouncing back to around $82.Given the recent sell-off, $100 worth of American Express stock in 2010 would be worth about $207 today, assuming reinvested dividends.Looking ahead, analysts are optimistic American Express can bounce back in 2020. The average price target among the 23 analysts covering the stock is $107, suggesting 29.6% upside from current levels.Related Links:Here's How Much Investing 0 In Delta Stock In 2010 Would Be Worth Today Here's How Much Investing 0 In The 2017 Snap IPO Would Be Worth TodaySee more from Benzinga * How Large Option Traders Are Playing PG&E Ahead Of Critical Bankruptcy Deadline * Oil Stock Short Sellers Up .5B In 2020 * BofA Downgrades Tesla, Says Company 'Faces Several Hurdles'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

PRAA or AXP: Which Is the Better Value Stock Right Now?
Wed, 22 Apr 2020 15:40:03 +0000
PRAA vs. AXP: Which Stock Is the Better Value Option?

American Express Launches ‘Stand for Small’ Coalition to Support U.S. Small Businesses
Tue, 21 Apr 2020 17:21:00 +0000
American Express (NYSE: AXP) today announced it has established ‘Stand for Small,’ a coalition of more than 40 companies across media, technology, consumer goods, professional services, and many other industries, that have come together to provide meaningful support to small businesses as they navigate the impacts of Covid-19.

Boeing, Dow Inc. share losses lead Dow's 584-point fall
Mon, 20 Apr 2020 19:12:00 +0000
DOW UPDATE Behind declines for shares of Boeing and Dow Inc., the Dow Jones Industrial Average is slumping Monday afternoon. The Dow (DJIA) was most recently trading 584 points lower (-2.4%), as shares of Boeing (BA) and Dow Inc.

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