American Express (AXP) Offering Possible 5.04% Return Over the Next 14 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 $120.00 short call and a strike $125.00 long call offers a potential 5.04% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $120.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $125.00 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 32 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

These stocks soared the most after Biden burned Bernie on Super Tuesday
Wed, 04 Mar 2020 21:49:00 +0000
Health-care stocks led the market rally after Biden took 10 of 14 states, becoming the Democratic front runner.

UnitedHealth, American Express share gains contribute to Dow's 889-point surge
Wed, 04 Mar 2020 20:03:00 +0000
DOW UPDATE Led by positive momentum for shares of UnitedHealth and American Express, the Dow Jones Industrial Average is soaring Wednesday afternoon. The Dow (DJIA) was most recently trading 889 points (3.

American Express Jumps After Saying Coronavirus Won't Affect Results
Wed, 04 Mar 2020 19:24:00 +0000
Shares of American Express got a boost Wednesday after the company said that its guidance is secure despite the spreading coronavirus outbreak. The credit card company's chief financial officer, Jeffrey Campbell, made the comments during an interview at KBW Fintech Payments Conference, according to a FactSet transcript of the interview. The reason for the optimism is that the Asia Pacific region, including Australia, only accounts for a small portion of its business.

Dow surges 819 points on gains in UnitedHealth, American Express stocks
Wed, 04 Mar 2020 18:50:00 +0000
DOW UPDATE The Dow Jones Industrial Average is soaring Wednesday afternoon with shares of UnitedHealth and American Express leading the way for the blue-chip average. The Dow (DJIA) is trading 819 points (3.

UnitedHealth, Pfizer share gains contribute to Dow's 468-point rally
Wed, 04 Mar 2020 16:49:00 +0000
DOW UPDATE Shares of UnitedHealth and Pfizer are trading higher Wednesday morning, propelling the Dow Jones Industrial Average rally. Shares of UnitedHealth (UNH) and Pfizer (PFE) are contributing to the index's intraday rally, as the Dow (DJIA) is trading 468 points higher (1.

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