American Express (AXP) Offering Possible 5.6% Return Over the Next 34 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 $90.00 short call and a strike $100.00 long call offers a potential 5.6% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $9.47 would be incurred if the stock rose above the $100.00 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 50.66 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

US Indexes Close With Gains Thursday
Thu, 14 May 2020 22:08:46 +0000
S&P; 500 gains 1.15% Continue reading…

Andreas Halvorsen's Top 5 Buys in the 1st Quarter
Thu, 14 May 2020 21:21:11 +0000
Viking Partners leader’s top buys include Buffett bank JPMorgan Chase Continue reading…

Financial Stocks Lead Market Higher Despite More Grim Jobs News
Thu, 14 May 2020 20:42:00 +0000
A rally in financials led the rebound for U.S. stock indexes, with American Express and JPMorgan Chase helping the Dow break a three-day losing streak.

Dow marks sharpest intraday comeback in 2 months, partly powered by a rally in battered banks
Thu, 14 May 2020 20:34:00 +0000
The Dow staged the biggest turnaround in about two months on Thursday, as investors overlooked data that showed 2.9 million Americans lost jobs last week, bringing the total unemployed to about 36.5 million since COVID-19 pandemic began.

American Express, UnitedHealth share gains lead Dow's nearly 300-point rally
Thu, 14 May 2020 19:47:00 +0000
DOW UPDATE Shares of American Express and UnitedHealth are trading higher Thursday afternoon, leading the Dow Jones Industrial Average rally. Shares of American Express (AXP) and UnitedHealth (UNH) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 296 points, or 1.

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