American Express's most recent trend suggests a bearish bias. One trading opportunity on American Express is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 20.77% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.86 would be kept by the premium seller. The risk of $4.14 would be incurred if the stock rose above the $95.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for American Express is bearish and the probability of a decline 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 below 20 which suggests that the stock is in oversold territory.
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
American Express to Appeal $5.7 Billion Swipe Fee Accord
Thu, 09 Jan 2014 02:26:43 GMT
Bloomberg – American Express Co. said it’s appealing a federal judge’s order approving Visa Inc. and MasterCard Inc.’s $5.7 billion settlement that ended years of litigation with U.S. merchants over allegations that …
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American Express Plans Live Audio Webcast of the Fourth Quarter 2013 Earnings Conference Call
Tue, 07 Jan 2014 16:20:25 GMT
noodls – NEW YORK–(BUSINESS WIRE)– American Express Company (NYSE:AXP) plans to host a live audio webcast of its investor conference call at 5:00 p.m. (ET) on Thursday, January 16, 2014, to discuss fourth quarter …
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