American Express's most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 8.7% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $67.50 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 50 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for American Express
News Summary: American Express 3Q profit rises
Wed, 16 Oct 2013 23:45:45 GMT
News Summary: American Express 3Q profit rises
Wed, 16 Oct 2013 23:45:45 GMT
AP – EARNINGS UP: American Express' net income rose 9 percent in the third quarter as cardholders spent more, boosting revenue. The latest earnings came ahead of Wall Street expectations. THE NUMBERS: For the …
American Express' Management Discusses Q3 2013 Results – Earnings Call Transcript
Wed, 16 Oct 2013 23:12:05 GMT
Seeking Alpha – American Express Company (AXP) Q3 2013 Earnings Conference Call October 17, 2013 5:00 PM ET Executives Rick Petrino – Senior Vice President, Investor Relations Jeff Campbell – Executive Vice President …
American Express profit rises as corporate spending picks up
Wed, 16 Oct 2013 23:04:59 GMT
American Express profit rises as corporate spending picks up
Wed, 16 Oct 2013 23:03:25 GMT
Reuters – American Express Co posted a better-than-expected 9 percent rise in quarterly profit as spending by corporate card users began to pick up after more than a year of sluggish growth. A relatively affluent …
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