American Express (AXP) Offering Possible 25.94% 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 $119.00 short call and a strike $124.00 long call offers a potential 25.94% 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 $119.00 by expiration. The full premium credit of $1.03 would be kept by the premium seller. The risk of $3.97 would be incurred if the stock rose above the $124.00 long call 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 52.9 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

Global Payments (GPN) Beats on Q3 Earnings, Ups 2019 View
Thu, 31 Oct 2019 14:05:02 +0000
Global Payments (GPN) Q3 results reflect increase in revenues on growth across all segments, partly offset by rise in expenses.

Italians prefer to shop online with Bitcoin over Visa or American Express, says new report
Wed, 30 Oct 2019 21:40:58 +0000
In Italy, Bitcoin is the third-most used payment method online, according to data from digital marketing firm SEMRush.

Partners in Preservation Announces 2019 Winners, Honoring the Legacy of Women's History on Main Streets Across America
Wed, 30 Oct 2019 18:56:00 +0000
Winners To Be Awarded Share of $2 Million in American Express Preservation Grants Decided Through Public Voting Campaign

US GDP Shatters Expectations, Pessimists Run for Cover
Wed, 30 Oct 2019 15:05:34 +0000
The US GDP increased at an impressive rate of 1.9% for the third quarter. The growth beat the expectations of around 1.6% for the quarter.

Independent Director Theodore Leonsis Just Sold A Bunch Of Shares In American Express Company (NYSE:AXP)
Sun, 27 Oct 2019 11:52:10 +0000
Some American Express Company (NYSE:AXP) shareholders may be a little concerned to see that the Independent Director…

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