American Express (AXP) Offering Possible 8.46% Return Over the Next 35 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 $67.50 short call and a strike $72.50 long call offers a potential 8.46% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 by expiration. The full premium credit of $0.39 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock rose above the $72.50 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 42.6 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

AMERICAN EXPRESS CO Files SEC form 8-K, Regulation FD Disclosure
Thu, 15 Sep 2016 16:02:14 GMT

Join us for our Virtual Payments in Travel happy hour, presented by Sabre Virtual Payments & American Express Global Commercial Payments
Thu, 15 Sep 2016 13:28:08 GMT
noodls – Sabre Virtual Payments and American Express Global Commercial Payments are thrilled to host you for an evening of good company, tasty treats and new discoveries related to payment trends in travel. The …

US Market Indexes Mixed With Increased Uncertainty
Wed, 14 Sep 2016 22:55:27 GMT

American Express Co. breached its 50 day moving average in a Bearish Manner : AXP-US : September 14, 2016
Wed, 14 Sep 2016 12:47:06 GMT

Chevron, American Express Sink Dow on Tuesday
Tue, 13 Sep 2016 20:01:48 GMT

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