American Express (AXP) Offering Possible 21.65% Return Over the Next 13 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 $126.00 short call and a strike $131.00 long call offers a potential 21.65% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $126.00 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $4.11 would be incurred if the stock rose above the $131.00 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 37.38 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

Why I’ll pay extra for holiday travel perks
Fri, 02 Aug 2019 04:00:51 +0000
I have given in. Surrendered. Capitulated completely. To Ryanair. Like many of you, I have been living in a state of almost constant warfare against the budget airline pretty much since its inception. …

American Express Expands Suite of Global Business Payment Capabilities Through Acquisition of acompaytm
Wed, 31 Jul 2019 19:00:00 +0000
American Express (NYSE: AXP) today announced it signed an agreement to acquire acompaytm, a best-in-class, digital payment automation platform from ACOM Solutions, Inc., that helps business customers make supplier payments easily and securely, manage business spend, and improve cash flow. “acompaytm will be the newest addition to a series of B2B payment collaborations, strengthening our accounts payable automation capabilities and equipping our customers with the tools they need to improve the way they process and settle supplier payments,” said Anna Marrs, President of Global Commercial Services at American Express. “Enabled by our integrated network of buyers and suppliers and a growing suite of partnerships and capabilities, American Express can provide digital payment tools and working capital that make it easy to pay suppliers anywhere in the world.

Mastercard Earnings, Revenue Beat; Stock Trades Lower
Tue, 30 Jul 2019 20:13:40 +0000
Mastercard topped second-quarter earnings and revenue forecasts early Tuesday. Mastercard stock was up and down, closing modestly lower.

Mastercard (MA) Q2 Earnings Beat Estimates on Volume Growth
Tue, 30 Jul 2019 16:47:04 +0000
Mastercard's (MA) second-quarter earnings benefit from higher switched transactions, increase in cross-border volume and gross dollar volume, and gains from acquisitions.

How Warren Buffett’s Banking Investments Look after Q2
Fri, 26 Jul 2019 17:30:39 +0000
Warren Buffet loves banking stocks. Out of his current portfolio of 47 stocks, five are commercial banks, including two regional banks.

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