American Express (AXP) Offering Possible 18.76% Return Over the Next 29 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 $85.00 short put and a strike $80.00 long put offers a potential 18.76% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock dropped below the $80.00 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 48.46 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

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Fri, 24 Oct 2014 22:25:00 GMT

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Business Wire – More than two thousand communities are committing to rally their neighborhoods to celebrate Small Business Saturday this holiday season.

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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 .

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