American Express (AXP) Offering Possible 42.86% Return Over the Next 20 Calendar Days

American Express's most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $132.00 short put and a strike $127.00 long put offers a potential 42.86% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $132.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $127.00 long put 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 64.13 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

Swiping their way higher: Visa, Mastercard could be the next $1 trillion companies
Fri, 31 Jan 2020 06:00:00 +0000
Soaring stock prices are propelling credit and debit card companies Visa Inc and Mastercard Inc up the market value charts, where they currently rank 7th and 11th among companies in the benchmark S&P 500 index. The stock prices of both Visa and Mastercard have gained roughly 50% in the past year. While the stocks may not keep up that torrid pace, Visa and Mastercard would each be worth over $1 trillion by 2023 if their average annual gains of the past three years were to continue, surging past the likes of Facebook Inc and Berkshire Hathaway Inc, if they also maintain their recent pace.

Top Ranked Momentum Stocks to Buy for January 30th
Thu, 30 Jan 2020 15:37:03 +0000
Top Ranked Momentum Stocks to Buy for January 30th

American Express Elects Karen Parkhill to Its Board of Directors
Wed, 29 Jan 2020 19:00:00 +0000
American Express Company (NYSE: AXP) today announced that Karen Parkhill, Executive Vice President and Chief Financial Officer of Medtronic, has been elected to its board of directors, effective January 29, 2020. Ms. Parkhill will serve as a member of the Board’s Audit and Compliance Committee.

All You Need to Know About American Express (AXP) Rating Upgrade to Buy
Wed, 29 Jan 2020 17:33:11 +0000
American Express (AXP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).

Has American Express (AXP) Outpaced Other Finance Stocks This Year?
Wed, 29 Jan 2020 16:30:04 +0000
Is (AXP) Outperforming Other Finance Stocks This Year?

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