American Express (AXP) Offering Possible 15.87% Return Over the Next 34 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 $140.00 short put and a strike $130.00 long put offers a potential 15.87% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $1.37 would be kept by the premium seller. The risk of $8.63 would be incurred if the stock dropped below the $130.00 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 68.57 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 Ranks 10th on Fortune’s List of 100 Best Companies to Work For
Mon, 12 Apr 2021 14:45:00 +0000
American Express (NYSE: AXP) has ranked 10th on the 2021 Fortune 100 Best Companies to Work For® list in the U.S., marking the company’s second consecutive year among the Top 10. This placement reflects American Express’ strong focus on backing colleagues and providing opportunities to learn, grow and have a meaningful and unique career journey. The ranking, based in large part on feedback from employees, underscores our unwavering commitment to fostering an inclusive and diverse environment where colleagues feel seen, heard and like they truly belong.

Corporate America’s response to the Georgia voting law
Mon, 12 Apr 2021 13:52:28 +0000
Yahoo Finance’s, Andy Serwer, Brian Sozzi and Myles Udland break down the push from business leaders against new voting laws.

Influencers with Andy Serwer: Gerald Chertavian
Thu, 08 Apr 2021 10:00:00 +0000
In this episode of Influencers, Andy is joined by Year Up founder and CEO, Gerald Chertavian, as they discuss racial inequality and the work Gerald is doing to help close the opportunity gap for young Americans.

Amazon, JPMorgan Chase looking for talent beyond ‘college graduate pond’: Gerald Chertavian
Wed, 07 Apr 2021 14:29:58 +0000
Year Up Founder & CEO, Gerald Chertavian, joins ‘Influencers with Andy Serwer' to discuss what corporations are doing to address America's opportunity gap.

SHAREHOLDER ALERT: Lowey Dannenberg is Investigating American Express Company for Potential Breaches of Fiduciary Duty by Its Board of Directors
Wed, 07 Apr 2021 14:24:00 +0000
NEW YORK, April 07, 2021 (GLOBE NEWSWIRE) — Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating a potential breach of fiduciary duty claim involving the board of directors of American Express Company (“American Express” or the “Company”) (NYSE: AXP). Recently, the Company disclosed that a number of federal agencies, including the U.S. Department of Justice, the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency are examining its sales practices for its consumer and small business credit cards. If you are a long-term shareholder of American Express and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact us at (914) 733-7256 or via email at investigations@lowey.com. About Lowey Dannenberg Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors. Contact Lowey Dannenberg P.C.44 South Broadway, Suite 1100White Plains, NY 10601Tel: (914) 733-7256Email: investigations@lowey.com

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