American Express's most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 5.49% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock dropped below the $80.00 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 67.45 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for American Express
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Technicals point to a decline for AmEx: Pro
Fri, 27 Dec 2013 20:35:00 GMT
CNBC – American Express has climbed over 50 percent this year. Abigail Doolittle, Peak Theories, thinks AmEx is a risky proposition given the potential for economic weakness. David Hilder, Drexel Hamilton, says …
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Fri, 27 Dec 2013 19:24:00 GMT
Investor's Business Daily – Tony Robbins Sells Success — And Wins It Himself
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