American Express (AXP) Offering Possible 9.17% Return Over the Next 24 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 $86.00 short put and a strike $81.00 long put offers a potential 9.17% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $86.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock dropped below the $81.00 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 57.16 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

‘Shark' O'Leary ‘licking his chops' on Visa earnings
Wed, 29 Oct 2014 20:08:00 GMT

Apple Pay sides with credit card industry over consumer interests
Wed, 29 Oct 2014 17:19:14 GMT

AMERICAN EXPRESS CO Files SEC form 10-Q, Quarterly Report
Tue, 28 Oct 2014 19:59:05 GMT

Customers Reward Outstanding Service by Spending More and Spreading the Word to Friends and Family
Tue, 28 Oct 2014 17:03:00 GMT
Business Wire – U.S. consumers are rewarding great customer service more than ever, according to the American Express 2014 Global Customer Service Barometer. The survey, which explores consumer at

American Express says Vente-Privee USA to close by year-end
Mon, 27 Oct 2014 21:48:13 GMT

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