American Express (AXP) Offering Possible 14.03% Return Over the Next 24 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 $110.00 short call and a strike $120.00 long call offers a potential 14.03% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $110.00 by expiration. The full premium credit of $1.23 would be kept by the premium seller. The risk of $8.77 would be incurred if the stock rose above the $120.00 long call 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 52.73 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

The Zacks Analyst Blog Highlights: Capital One Financial, Synchrony Financial, American Express and Discover Financial Services
Fri, 18 Sep 2020 14:03:02 +0000
The Zacks Analyst Blog Highlights: Capital One Financial, Synchrony Financial, American Express and Discover Financial Services

Boeing, Salesforce.com Inc. share losses lead Dow's 50-point fall
Thu, 17 Sep 2020 14:45:00 +0000
DOW UPDATE The Dow Jones Industrial Average is trading down Thursday morning with shares of Boeing and Salesforce.com Inc. facing the biggest drops for the index. The Dow (DJIA) was most recently trading 58 points lower (-0.

Boeing, Chevron share losses contribute to Dow's 334-point drop
Thu, 17 Sep 2020 13:45:00 +0000
DOW UPDATE Shares of Boeing and Chevron are posting losses Thursday morning, propelling the Dow Jones Industrial Average selloff. The Dow (DJIA) was most recently trading 334 points (1.2%) lower, as shares of Boeing (BA) and Chevron (CVX) have contributed to the index's intraday decline.

3 Reasonably Valued Stocks Warren Buffett and Bill Nygren Agree On
Wed, 16 Sep 2020 21:47:54 +0000
Stocks are trading between 70% and 110% of GF value

American Express Announces Plans to Expand Centurion® Lounges in Two Major U.S. Airports and Prepares to Welcome Travelers with New Health and Safety Practices
Wed, 16 Sep 2020 13:00:00 +0000
Today, American Express (NYSE: AXP) announced plans to expand two of its signature Centurion Lounges and introduced The Centurion Lounge Commitment, a set of new health and safety protocols and practices, which will be implemented in all Centurion Lounges as they reopen (some starting in early October). The Centurion Lounge at New York's LaGuardia Airport (LGA) will relocate to a larger location in the brand new Terminal B, and as previously announced, the current Centurion Lounge at Las Vegas’ McCarran International Airport (LAS), will be expanded and redesigned.

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