American Express (AXP) Offering Possible 7.76% Return Over the Next 12 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 $95.00 long call offers a potential 7.76% return on risk over the next 12 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 $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock rose above the $95.00 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 64.68 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

Apple Payments Entry May Imperil American Express Rates, Says Credit Suisse
Mon, 08 Sep 2014 17:12:00 GMT

[$$] American Express Pursuing Affluent Customers, Executive Says
Mon, 08 Sep 2014 15:23:36 GMT

Canada seeks voluntary bank agreement to lower credit card costs
Thu, 04 Sep 2014 18:59:20 GMT
Reuters – The Canadian government would like credit card companies and banks to voluntarily agree to lower transaction fees paid by retailers, and to do so within months, Finance Minister Joe Oliver said on Thursday. “We've said in last year's budget that the government will work with stakeholders to promote fair and transparent practices and to help lower credit card acceptance fees for merchants and also to encourage merchants to reduce prices for consumers,” Oliver told a news conference.

U.S. consumer regulator warns credit cards on marketing
Wed, 03 Sep 2014 21:46:04 GMT
Reuters – Consumer Financial Protection Bureau Director Richard Cordray stopped short of saying whether his agency may pursue any enforcement actions against credit card companies. “We are putting credit card companies on notice,” he said in a press release.

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