American Express (AXP) Offering Possible 16.55% Return Over the Next 7 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 $100.00 long put offers a potential 16.55% return on risk over the next 7 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 $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $100.00 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 at 66.93 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

Former AmEx CEO: Business Has a Responsibility to Eradicate Racism
Wed, 10 Jun 2020 23:54:00 +0000
The 69-year-old Wall Street veteran said that the “business community must recognize” its responsibility to eradicate “racism and inequality.”

Dow down 250 points on losses for Boeing, Exxon Mobil stocks
Wed, 10 Jun 2020 19:03:00 +0000
DOW UPDATE Behind negative returns for shares of Boeing and Exxon Mobil, the Dow Jones Industrial Average is falling Wednesday afternoon. Shares of Boeing (BA) and Exxon Mobil (XOM) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 259 points (0.

Boeing, Exxon Mobil share losses lead the way, but Dow flat
Wed, 10 Jun 2020 18:02:00 +0000
DOW UPDATE The Dow Jones Industrial Average is trading down Wednesday afternoon with shares of Boeing and Exxon Mobil delivering the stiffest headwinds for the index. The Dow (DJIA) was most recently trading 19 points lower (-0.

Dow down 133 points on losses in shares of Boeing, Exxon Mobil
Wed, 10 Jun 2020 15:54:00 +0000
DOW UPDATE Dragged down by losses for shares of Boeing and Exxon Mobil, the Dow Jones Industrial Average is trading down Wednesday morning. The Dow (DJIA) was most recently trading 133 points, or 0.5%, lower, as shares of Boeing (BA) and Exxon Mobil (XOM) are contributing to the index's intraday decline.

Dow down 209 points on losses in shares of Boeing, Exxon Mobil
Wed, 10 Jun 2020 14:45:00 +0000
DOW UPDATE Behind losses for shares of Boeing and Exxon Mobil, the Dow Jones Industrial Average is falling Wednesday morning. Shares of Boeing (BA) and Exxon Mobil (XOM) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 209 points (0.

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