American Express (AXP) Offering Possible 31.23% Return Over the Next 20 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 $129.00 short call and a strike $134.00 long call offers a potential 31.23% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $129.00 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $3.81 would be incurred if the stock rose above the $134.00 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 55.75 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

American Express Declares Dividend on Series C Preferred Stock
Wed, 24 Jul 2019 17:00:00 +0000
American Express Company yesterday declared a semiannual dividend on the Company’s 4.900% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series C, of $24,500 per share .

The Zacks Analyst Blog Highlights: Microsoft, JPMorgan, Wells Fargo, American Express and Exxon Mobil
Wed, 24 Jul 2019 15:35:03 +0000
The Zacks Analyst Blog Highlights: Microsoft, JPMorgan, Wells Fargo, American Express and Exxon Mobil

Nasdaq (NDAQ) Q2 Earnings Top Estimates, Revenues Miss
Wed, 24 Jul 2019 14:59:02 +0000
Nasdaq (NDAQ) Q2 reflects growth in non-trading revenues and decline in expenses.

Coca-Cola, Financial Stocks Lead Dow Jones Today; Yeti, New Oriental Surge
Tue, 23 Jul 2019 20:34:29 +0000
The Dow Jones today ended with a solid gain, helped by strength in Coca-Cola stock and financial stocks like Goldman Sachs and American Express

Top Stock Reports for Microsoft, JPMorgan & Wells Fargo
Tue, 23 Jul 2019 18:36:06 +0000
Top Stock Reports for Microsoft, JPMorgan & Wells Fargo

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