American Express (AXP) Offering Possible 13.12% Return Over the Next 15 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 $92.50 short put and a strike $87.50 long put offers a potential 13.12% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock dropped below the $87.50 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 75.1 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

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Sat, 08 Mar 2014 08:30:00 GMT
Barrons.com – Patrick Wolff's résumé includes two U.S. chess championships, first in 1992 and again in 1995, when playing professionally during his time off from college. Nowadays, Wolff, 46 years old, is running Grandmaster Capital Management, a hedge-fund firm in San Francisco overseeing about $230 million. In recent years at Berkshire Hathaway's annual meeting, Wolff, wearing a blindfold, has played multiple chess games simultaneously.

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Thu, 06 Mar 2014 14:00:00 GMT
Forbes – U.S. employers this year face their “smallest increases in health care costs in 15 years,” according to a new survey showing the latest evidence of health inflation slowing. Towers Watson (TW), an employee benefits consulting firm and the National Business Group on Health, an association of large employers, said the cost […]

The American Express Business Gold Rewards Card puts SBOs in control of their reward points
Thu, 06 Mar 2014 12:00:00 GMT
CNW Group – The American Express Business Gold Rewards Card puts SBOs in control of their reward points

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