American Express's most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 18.2% 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 $165.00 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock dropped below the $160.00 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 61.82 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
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Fri, 01 Oct 2021 10:26:00 +0000
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Thu, 30 Sep 2021 14:20:57 +0000
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Warren Buffett Earns a 20% Dividend on This Reopening Stock
Thu, 30 Sep 2021 14:05:00 +0000
Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) doesn't pay a dividend, but Buffett himself loves dividend stocks. In fact, Berkshire's top nine holdings all pay a dividend back to headquarters on a regular basis, providing Buffett and his investment team a consistent stream of new cash to reinvest. Although Buffett does love dividend stocks, he often doesn't seek out the highest-yielding stocks in the market.
Does Visa Still Have Room to Grow?
Thu, 30 Sep 2021 10:41:00 +0000
Despite being a massive payment processor, here's why there could be more upside potential ahead.
Consumers Are Spending More Time and Money on Mental Health, Says Amex Trendex Report
Wed, 29 Sep 2021 14:41:03 +0000
The survey looks at how consumer behavior while prioritizing overall health differs around the world.
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