American Express (AXP) Offering Possible 37.36% Return Over the Next 7 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 $93.50 short call and a strike $98.50 long call offers a potential 37.36% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $93.50 by expiration. The full premium credit of $1.36 would be kept by the premium seller. The risk of $3.64 would be incurred if the stock rose above the $98.50 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 27.35 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 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 […]

American Express Is Down 25% This Year. It’s Still Expensive.
Wed, 08 Jul 2020 13:58:00 +0000
Analyst Jill Shea lowered her rating on American Express (ticker: AXP) to Neutral from Buy and cut her price target to $105 from $110, saying the shares look fairly valued. American Express will cut costs to protect the company’s profitability, but reduced expenses can only go so far, hence the downgrade. Not only does American Express look fully valued, but these headwinds may also prevent the stock’s multiple from expanding—a key driver of share appreciation among credit card stocks in the near term, she writes.

Dow falls 275 points on losses for shares of Boeing, American Express
Tue, 07 Jul 2020 19:03:00 +0000
DOW UPDATE Behind negative returns for shares of Boeing and American Express, the Dow Jones Industrial Average is in selloff mode Tuesday afternoon. Shares of Boeing (BA) and American Express (AXP) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 279 points, or 1.

American Express, Boeing share losses contribute to Dow's 200-point fall
Tue, 07 Jul 2020 16:22:00 +0000
DOW UPDATE The Dow Jones Industrial Average is trading down Tuesday afternoon with shares of American Express and Boeing facing the biggest losses for the index. The Dow (DJIA) was most recently trading 207 points, or 0.

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