American Express (AXP) Offering Possible 11.61% Return Over the Next 27 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 $105.00 short put and a strike $97.50 long put offers a potential 11.61% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $105.00 by expiration. The full premium credit of $0.78 would be kept by the premium seller. The risk of $6.72 would be incurred if the stock dropped below the $97.50 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 above 80 which suggests that the stock is in overbought 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 Credit Account Secured Note Trust 2019-1 — Moody's assigns definitive ratings to American Express 2019-1 card ABS
Thu, 14 Feb 2019 20:15:05 +0000
Moody's Investors Service has assigned a definitive Aaa (sf) rating to the Class A 2.87% Asset Backed Certificates and a definitive Aa3 (sf) rating to the Class B 3.07% Asset Backed Certificates of Series 2019-1 issued by the American Express Credit Account Master Trust, sponsored by American Express National Bank. Moody's has also assigned a definitive Baa2 (sf) rating to the Class 1 3.39% Secured Notes issued by the related American Express Credit Account Secured Note Trust 2019-1. Moody's also announced today that the issuance of the Series 2019-1 Certificates on February 14, 2019 would not, in and of itself and as of this time, result in the downgrade or withdrawal of the ratings assigned to any class of outstanding securities issued by American Express Credit Account Master Trust.

American Express Chief Financial Officer to Participate in KBW Cards, Payments & Financial Technology Symposium
Thu, 14 Feb 2019 18:05:00 +0000
American Express Company Chief Financial Officer, Jeffrey C. Campbell, will participate in the Keefe, Bruyette & Woods Cards, Payments & Financial Technology Symposium in New York City, on Thursday, February 28, 2019, at 11:00 a.m.

Data localisation, e-commerce not discussed at U.S.-India summit: U.S. envoy
Thu, 14 Feb 2019 14:16:50 +0000
NEW DELHI (Reuters) – Data localisation, e-commerce legislation and the generalised system of preferences (GSP) were not expressly discussed during talks between the United States and India, U.S. Ambassador …

Dan Loeb Increased Third Point’s Position in These Stocks in Q4
Tue, 12 Feb 2019 13:54:10 +0000
Dan Loeb's Third Point Had a Weak 2018: Will 2019 Be Any Better?(Continued from Prior Part)Third Point’s only new position In Q4 2018, Third Point initiated a new position in Cigna (CI), which is an American healthcare services organization. Hike

Will American Express Company’s (NYSE:AXP) Earnings Grow In The Year Ahead?
Tue, 12 Feb 2019 12:16:49 +0000
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! As American Express Company (NYSE:AXP) released itsRead More…

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