American Express (AXP) Offering Possible 10.13% Return Over the Next 19 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 $89.00 short put and a strike $84.00 long put offers a potential 10.13% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $89.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $84.00 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 74.62 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

Will Visa, MasterCard Be In Uptrend's New Leadership?
Mon, 03 Nov 2014 22:58:00 GMT

U.S. Bank FlexPerks Adds American Express-Branded Cards to Award Winning Credit Card Lineup
Mon, 03 Nov 2014 17:57:51 GMT
noodls – MINNEAPOLIS–(BUSINESS WIRE)–Nov. 3, 2014– With three new U.S. Bank FlexPerks® Rewards credit cards now accepted on the American Express® network, U.S. Bank offers customers even more ways to earn FlexPoints …

10:39 am American Express edges slightly above its Sep peak at 90.68 to set a minor new four month high of 90 74
Mon, 03 Nov 2014 15:39:00 GMT

American Express and the NBA Bring Fans Closer to the Game They Love with Enhanced “Home Court Advantage” Digital Destination
Mon, 03 Nov 2014 14:00:00 GMT
Business Wire – American Express and the National Basketball Association this week unveiled their digital destination on NBA.com,“Home Court Advantage.” The site will provide fans with the p

Apple Pay rival says it's misunderstood
Mon, 03 Nov 2014 13:19:39 GMT

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