American Express (AXP) Offering Possible 53.37% Return Over the Next 27 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 $96.00 short put and a strike $91.00 long put offers a potential 53.37% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $96.00 by expiration. The full premium credit of $1.74 would be kept by the premium seller. The risk of $3.26 would be incurred if the stock dropped below the $91.00 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 55.55 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

British Airways-owner IAG boosted by 750 million pounds deal with American Express
Fri, 24 Jul 2020 08:22:57 +0000
British Airways-owner International Airlines Group said American Express would pay it 750 million pounds ($955 million) to renew their partnership, providing a welcome boost to the airline's finances at a time when it is burning through cash. Since lockdowns have eased, flying has restarted, but pressure remains on airline companies like IAG because travel is still at less than half of pre-pandemic levels due to ongoing restrictions for some destinations and consumer worries.

British Airways owner IAG extends partnership with American Express
Fri, 24 Jul 2020 06:19:22 +0000

2 Bargain Stocks You Can Buy Today
Thu, 23 Jul 2020 12:00:00 +0000
While the broader stock market has come back and almost erased the losses suffered during the COVID-19 correction in March, there are still a lot of bargains out there to be had. No industries were hit harder by the pandemic than the hotel and travel industries. The stock price fell to a low of $7.14 per share on March 18 and has slowly climbed back to about $16 per share as of July 20.

Amex vs. Chase vs. Citi: Who Has the Best Rewards Points?
Wed, 22 Jul 2020 18:03:12 +0000
Credit card rewards points aren't all created equal; some yield better benefits. How American Express, Citi, and Chase stack up.

American Express Declares Dividend on Series B and Series C Preferred Stock
Wed, 22 Jul 2020 17:30:00 +0000
American Express Company (NYSE: AXP) has declared the following dividends on the Company’s Series B and C Preferred Shares:

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