American Express (AXP) Offering Possible 16.55% Return Over the Next 13 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 $106.00 short put and a strike $101.00 long put offers a potential 16.55% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $106.00 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $101.00 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 70.06 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

JPMorgan Affirms Profitability Goals, Expects Costs to Rise
Wed, 27 Feb 2019 15:33:03 +0000
JPMorgan's (JPM) annual Investors Day conference offers view on how the bank is planning to improve profitability amid a tough operating backdrop.

Berkshire Stocks Up on American Banks: Here's Why
Wed, 27 Feb 2019 14:43:02 +0000
Berkshire is stocking up on American banks that generate revenues mostly from domestic operations and have limited international exposure.

Organization Announcement: American Express
Wed, 27 Feb 2019 14:00:00 +0000
I am very pleased to announce that Monique Herena will be joining American Express as our new Chief Human Resources Officer (CHRO), effective April 1. Monique will report to me and become a member of our Executive Committee. As CHRO, Monique will be responsible for all aspects of our human resources strategy, including talent management, leadership development and compensation and benefits, as well as leading all human resources functions globally.

Report: Developing Opportunities within Abbott Laboratories, American Express, Welbilt, Cinemark, Barnes Group, and Nevsun Resources — Future Expectations, Projections Moving into 2019
Wed, 27 Feb 2019 12:55:00 +0000
NEW YORK, Feb. 27, 2019 — In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

Buffett Explains Why Share Repurchases Are a Great Idea
Wed, 27 Feb 2019 12:30:31 +0000
Key Insights from Warren Buffett's Annual Letter to Shareholders(Continued from Prior Part)Berkshire Hathaway Warren Buffett has always favored share buybacks. In November 2018, his investment firm, Berkshire Hathaway (BRK-B), revealed that it bought

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