American Express (AXP) Offering Possible 17.23% 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 $120.00 short call and a strike $130.00 long call offers a potential 17.23% 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 $120.00 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $8.53 would be incurred if the stock rose above the $130.00 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 70.52 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for American Express

American Express (AXP) Up 7.4% Since Last Earnings Report: Can It Continue?
Sun, 22 Nov 2020 16:30:04 +0000
American Express (AXP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

These Are Now Buffett's 3 Favorite Banks
Sun, 22 Nov 2020 11:09:00 +0000
After significantly cutting his stake again in Wells Fargo, there is a new pecking order among Buffett's favorite banks.

1 Fintech Stock to Buy Right Now
Sat, 21 Nov 2020 12:45:00 +0000
Warren Buffett loves this company and, despite it being 170 years old, American Express still has plenty of growth potential.

A Closer Look at Capital One
Fri, 20 Nov 2020 14:49:00 +0000
Capital One Financial (NYSE: COF) is a unique bank, with an innovative approach to branch-based banking and a credit-card-focused lending operation. In this week's Industry Focus: Financials show, host Jason Moser and Fool contributor Matt Frankel, CFP, take a closer look at how the business works and what investors need to know. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.

American Express Commits $2.5M to “100 for 100” Program to Invest in the Future of Black Women Entrepreneurs in the U.S.
Thu, 19 Nov 2020 14:00:00 +0000
Today, American Express (NYSE: AXP) revealed the 100 Black women entrepreneurs selected for its “100 for 100” program, which will provide each with grants of $25,000 and 100 days of business resources, including business education, mentorship, marketing, virtual networking, WorkSpaces by Hilton hotel reservation credits and more. American Express created this program in partnership with IFundWomen of Color, the leading platform for women of color to raise capital, to support Black women entrepreneurs as they work to jump start and grow their business ventures. The initiative is part of American Express’ recently announced $1 billion action plan to enhance diverse representation and promote equal opportunities for its colleagues, customers and communities.

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