American Express (AXP) Offering Possible 15.21% Return Over the Next 37 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 $67.50 short call and a strike $72.50 long call offers a potential 15.21% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 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 rose above the $72.50 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 31.2 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

2016: The Year for Travel to Soar and for Saving Much More
Tue, 12 Jan 2016 17:52:00 GMT
Business Wire – The New Year brings goals to save money and plans to splurge, according to the latest American Express Spending & Saving Tracker. Americans say saving more money remains the number one resolution for 2016 (51% vs.

2016: The Year for Travel to Soar and for Saving Much More
Tue, 12 Jan 2016 17:14:08 GMT
noodls – The New Year brings goals to save money and plans to splurge, according to the latest American Express Spending and Saving Tracker. Americans say saving more money remains the number one resolution for …

Wells Fargo Launches Third Propel American Express® Card
Tue, 12 Jan 2016 16:34:36 GMT
noodls – SAN FRANCISCO, Jan. 12, 2016 Wells Fargo & Company (NYSE: WFC) launched its new Wells Fargo Propel American Express Card, the third offering in the company's suite of American Express Cards including the …

Jackson Hewitt Teams Up With American Express To Target The Underbanked This Tax Season
Tue, 12 Jan 2016 15:04:00 GMT

Allstate, Banco de Chile, AeroVironment, James River Group and American Express highlighted as Zacks Bull and Bear of the Day
Tue, 12 Jan 2016 14:30:02 GMT

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