American Express (AXP) Offering Possible 30.21% Return Over the Next 6 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 $146.00 short put and a strike $141.00 long put offers a potential 30.21% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $146.00 by expiration. The full premium credit of $1.16 would be kept by the premium seller. The risk of $3.84 would be incurred if the stock dropped below the $141.00 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 59.12 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

Influencers with Andy Serwer: Gerald Chertavian
Thu, 08 Apr 2021 10:00:00 +0000
In this episode of Influencers, Andy is joined by Year Up founder and CEO, Gerald Chertavian, as they discuss racial inequality and the work Gerald is doing to help close the opportunity gap for young Americans.

Amazon, JPMorgan Chase looking for talent beyond ‘college graduate pond’: Gerald Chertavian
Wed, 07 Apr 2021 14:29:58 +0000
Year Up Founder & CEO, Gerald Chertavian, joins ‘Influencers with Andy Serwer' to discuss what corporations are doing to address America's opportunity gap.

SHAREHOLDER ALERT: Lowey Dannenberg is Investigating American Express Company for Potential Breaches of Fiduciary Duty by Its Board of Directors
Wed, 07 Apr 2021 14:24:00 +0000
NEW YORK, April 07, 2021 (GLOBE NEWSWIRE) — Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating a potential breach of fiduciary duty claim involving the board of directors of American Express Company (“American Express” or the “Company”) (NYSE: AXP). Recently, the Company disclosed that a number of federal agencies, including the U.S. Department of Justice, the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency are examining its sales practices for its consumer and small business credit cards. If you are a long-term shareholder of American Express and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact us at (914) 733-7256 or via email at investigations@lowey.com. About Lowey Dannenberg Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors. Contact Lowey Dannenberg P.C.44 South Broadway, Suite 1100White Plains, NY 10601Tel: (914) 733-7256Email: investigations@lowey.com

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Tue, 06 Apr 2021 16:06:57 +0000
Visa has a strong earnings track record and is making more moves in digital payments. Is the stock a buy right now?

No Joke: Warren Buffett Is Yielding at Least 20% Annually on These 3 Stocks
Tue, 06 Apr 2021 10:06:00 +0000
The Oracle of Omaha's longest-tenured holding now has a yield of 52%, relative to Berkshire Hathaway's cost basis.

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