American Express (AXP) Offering Possible 17.92% Return Over the Next 30 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 $84.00 short put and a strike $79.00 long put offers a potential 17.92% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $84.00 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock dropped below the $79.00 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 46.08 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 25 Best Global Companies to Work For
Thu, 23 Oct 2014 11:00:08 GMT

Rosier Outlook for Small Business as Optimism Returns to Pre-Recession Levels, According to the Fall American Express OPEN Small Business Monitor
Wed, 22 Oct 2014 19:45:30 GMT
noodls – Small business owners' optimism on business prospects and the economy continue to rise, according to the Fall 2014 OPEN Small Business Monitor. Currently, 63% of business owners maintain a positive outlook, …

Rosier Outlook for Small Business as Optimism Returns to Pre-Recession Levels, According to the Fall American Express OPEN Small Business Monitor
Wed, 22 Oct 2014 17:22:00 GMT
Business Wire – Small business owners’ optimism on business prospects and the economy continue to rise, according to the Fall 2014 OPEN Small Business Monitor. Currently, 63% of business owners maintain a positive outlook, a level not reached since fall of 2007 .

American Express Chief Executive Officer and Chief Financial Officer to Participate in Upcoming Conferences
Wed, 22 Oct 2014 16:02:29 GMT
noodls – American Express Chairman and Chief Executive Officer, Kenneth I. Chenault, will participate in the Money 20/20 Conference in Las Vegas, on Tuesday, November 4, 2014, at 11:30 a.m. (ET). Mr. Chenault will …

American Express Chief Executive Officer and Chief Financial Officer to Participate in Upcoming Conferences
Wed, 22 Oct 2014 14:30:00 GMT
Business Wire – American Express Chairman and Chief Executive Officer, Kenneth I. Chenault, will participate in the Money 20/20 Conference in Las Vegas, on Tuesday, November 4, 2014, at 11:30 a.m.

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