American Express (AXP) Offering Possible 18.76% Return Over the Next 3 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 $94.00 short call and a strike $99.00 long call offers a potential 18.76% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $94.00 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 rose above the $99.00 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 35.39 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

Dow Jones Rallies Despite Possible 737 Max Order Cancellation for Boeing, Dismal Bank Earnings Expected Next Week
Fri, 10 Jul 2020 19:02:00 +0000
American Airlines threatened to cancel 737 Max orders, and an analyst expects bank earnings to fall dramatically in the second quarter.

Why American Express Stock Fell 23.5% in the First Half of 2020
Thu, 09 Jul 2020 14:00:00 +0000
Shares of American Express (NYSE: AXP) fell 23.5% during the first half of 2020, according to data from S&P Global Market Intelligence. The credit card company slid along with the financial sector, which suffered from the economic recession caused by the COVID-19 pandemic. While American Express isn't quite as exposed to credit losses as some other large banks, lower overall spending still affects its discount fee revenue and earnings.

REPEAT: QuestCap Enters Binding Agreement to Acquire 28% Interest in Colombian Full-Service Medical Clinic
Thu, 09 Jul 2020 11:00:10 +0000
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, July 09, 2020 — Social-impact investment company QuestCap Inc..

Dow Inc., American Express share losses lead the way, but Dow flat
Wed, 08 Jul 2020 17:21:00 +0000
DOW UPDATE The Dow Jones Industrial Average is falling Wednesday afternoon with shares of Dow Inc. and American Express seeing the biggest declines for the blue-chip average. Shares of Dow Inc. (DOW) and American Express (AXP) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 15 points (0.

Were Hedge Funds Right About Selling American Express Company (AXP)?
Wed, 08 Jul 2020 16:50:41 +0000
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

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