American Express's most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 15.21% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock dropped below the $87.50 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 at 56.04 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
American Express Opens Tech Lab In Palo Alto
Wed, 24 Dec 2014 17:40:00 GMT
A Good Day For The Payments Industry
Thu, 18 Dec 2014 13:56:21 GMT
Will American Express (AXP) Stock React Today to This Coverage Initiation?
Thu, 18 Dec 2014 13:49:00 GMT
Tee time with Rickie Fowler
Thu, 18 Dec 2014 12:51:00 GMT
Morgan Stanley Comments On American Express & Discover
Wed, 17 Dec 2014 22:24:22 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook