American Express's most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $118.00 short put and a strike $113.00 long put offers a potential 13.64% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $118.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $113.00 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 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
Why Delta Air Lines Stock Jumped 13% in April
Mon, 06 May 2019 17:31:00 +0000
Investors are more upbeat about 2019 after a better-than-expected first quarter.
Berkshire's Buffett praises Amex despite competition
Sat, 04 May 2019 20:59:00 +0000
Berkshire Hathaway Chairman and CEO Warren Buffett discusses his investment in American Express at the 2019 Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska. Buffett says, in this day in age, everyone's a competitor, but he's still optimistic on American Express and he's glad he owns 18% of it.
How Warren Buffett’s longtime business partner enlightened the Oracle of Omaha
Fri, 03 May 2019 18:18:00 +0000
Get to know Charlie Munger if you want to understand Berkshire Hathaway, writes Vitaliy Katsenelson.
American Express® Unveils the Refreshed Blue Cash Preferred® Card, Offering Rich New Benefits for Card Members to Further “Elevate Their Every Day”
Thu, 02 May 2019 13:00:00 +0000
American Express (AXP) is refreshing its popular Blue Cash Preferred® Card with a suite of new valuable benefits to further reward Card Members for their everyday routines. Beginning May 9, 2019, new and existing Blue Cash Preferred Card Members will receive 6% cash back on select U.S. streaming subscriptions and 3% cash back on transit purchases, in addition to the rich 6% Cash Back on U.S. supermarkets (on up to $6,000 in purchases) and 3% cash back at U.S. gas stations that currently come with the Card. “We know our Blue Cash Preferred Card Members well – they are juggling busy schedules and want an easy and valuable way to earn Cash Back on their day-to-day spending,” said Kunal Madhok, Vice President, U.S. Consumer Lending and Acquisition, American Express.
Warren Buffett carries an American Express card and about $400 in cash
Wed, 01 May 2019 13:19:43 +0000
Warren Buffett carries $400 in his wallet. He's also a fan of the classics.
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