American Express (AXP) Offering Possible 21.8% Return Over the Next 27 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 $110.00 short call and a strike $120.00 long call offers a potential 21.8% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $110.00 by expiration. The full premium credit of $1.79 would be kept by the premium seller. The risk of $8.21 would be incurred if the stock rose above the $120.00 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 up which suggests that the medium-term momentum for American Express is bullish.

The RSI indicator is at 58.03 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

US Indexes Close Mostly Flat Thursday
Thu, 18 Jun 2020 22:52:58 +0000
Nasdaq gains 0.33% Continue reading…

Dow's 39-point drop led by losses for shares of American Express, Goldman Sachs
Thu, 18 Jun 2020 19:59:00 +0000
DOW UPDATE Dragged down by losses for shares of American Express and Goldman Sachs, the Dow Jones Industrial Average is falling Thursday afternoon. Shares of American Express (AXP) and Goldman Sachs (GS) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 39 points lower (-0.

American Express, Pfizer share losses lead Dow's 110-point fall
Thu, 18 Jun 2020 18:44:00 +0000
DOW UPDATE Dragged down by negative returns for shares of American Express and Pfizer, the Dow Jones Industrial Average is trading down Thursday afternoon. Shares of American Express (AXP) and Pfizer (PFE) are contributing to the index's intraday decline, as the Dow (DJIA) was most recently trading 110 points (0.

Dow's 38-point drop led by losses in shares of American Express, Cisco
Thu, 18 Jun 2020 17:32:00 +0000
DOW UPDATE Shares of American Express and Cisco are posting losses Thursday afternoon, dragging the Dow Jones Industrial Average into negative territory. Shares of American Express (AXP) and Cisco (CSCO) have contributed to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 38 points (0.

Dow falls 100 points on losses for American Express, UnitedHealth shares
Thu, 18 Jun 2020 15:53:00 +0000
DOW UPDATE Behind losses for shares of American Express and UnitedHealth, the Dow Jones Industrial Average is declining Thursday morning. Shares of American Express (AXP) and UnitedHealth (UNH) are contributing to the index's intraday decline, as the Dow (DJIA) was most recently trading 105 points, or 0.

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