American Express (AXP) Offering Possible 10.38% Return Over the Next 11 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 $87.50 short call and a strike $92.50 long call offers a potential 10.38% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $87.50 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock rose above the $92.50 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 at 34.65 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

New American Express Meetings & Events Research Explores the Evolving Landscape of Technology in Meetings
Mon, 06 Oct 2014 16:15:00 GMT
Business Wire – Technology influences every aspect of global commerce, and new research released today by American Express Meetings & Events explores the many ways emerging technologies are changing the meetings industry landscape, as well as how that innovation can be harnessed to increase engagement and productivity and generate a greater return on a meetings investment.

American Express Global Business Travel Appoints Eric Bock as Chief Legal Officer
Mon, 06 Oct 2014 15:56:00 GMT
Business Wire – American Express Global Business Travel today announced the appointment of Eric Bock as Chief Legal Officer. Eric, who joins from Travelport, will oversee GBT’s legal and g

Moody's Investors Service assigns provisional ratings to the asset-backed securities (ABS) notes to be issued by Penarth Master Issuer Plc
Mon, 06 Oct 2014 14:58:19 GMT

eBay's PayPal Strategic Spin-off to See Light in 2015
Mon, 06 Oct 2014 14:17:40 GMT

The promise and challenges facing Apple Pay
Fri, 03 Oct 2014 15:10:46 GMT

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