American Express (AXP) Offering Possible 17.23% Return Over the Next 28 Calendar Days

American Express's most recent trend suggests a bearish bias. One trading opportunity on American Express is a Bear Call Spread using a strike $150.00 short call and a strike $160.00 long call offers a potential 17.23% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $150.00 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $8.53 would be incurred if the stock rose above the $160.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for American Express is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for American Express is bearish.

The RSI indicator is at 61.85 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

3 Stocks That Pass the Warren Buffett “Tides” Test
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Amid last year's economic downturn, these three companies held up just fine. And if the tide goes out again, they should keep performing well.

SHAREHOLDER ALERT: Lowey Dannenberg is Investigating American Express Company for Potential Breaches of Fiduciary Duty by Its Board of Directors
Mon, 15 Mar 2021 21:13:00 +0000
NEW YORK, March 15, 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

Why was my contactless spending on an Amex card charged to Mastercard?
Mon, 15 Mar 2021 07:00:55 +0000
Why was my contactless spending on an Amex card charged to Mastercard?I had bought a few items from Asda but they didn’t show up on my statements Buying on one contactless card and being charged on another. Photograph: Anthony Brown/Alamy

Online Retailer Boxed Said In Merger Talks With Seven Oaks SPAC
Thu, 11 Mar 2021 19:21:29 +0000
(Bloomberg) — Boxed, an online retailer of products in bulk, is in talks to go public through a merger with Seven Oaks Acquisition Corp., a blank-check firm, according to people with knowledge of the matter.A transaction is set to value the combined company at more than $1 billion, said the people, who requested anonymity because the talks are private. Terms aren’t finalized and it’s possible talks could collapse.A representative for Seven Oaks declined to comment. A Boxed spokesman didn’t immediately respond to a request for comment.Founded in 2013, New York-based Boxed, led by CEO Chieh Huang, offers free shipping on bulk orders of groceries and household products if users spend $49 or more. It also gives customers a membership option which earns them 2% cash back on purchases and other discounts. The company, which is regularly compared with Costco Wholesale Corp., has said its investors include Japan’s Aeon Co., GGV Capital, American Express Ventures, First Round Capital and billionaire Yuri Milner.Seven Oaks is led by CEO Gary Matthews, a former Morgan Stanley Capital Partners executive, and CFO Andrew Pearson, a General Atlantic alum. It raised about $259 million in a December initial public offering.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Amex Trendex Examines the Pandemic’s Unique Impact on Women
Thu, 11 Mar 2021 14:49:01 +0000
Women in seven countries shared insights into how the pandemic has changed their professional lives.

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