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 $155.00 long put offers a potential 18.48% return on risk over the next 35 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 $1.56 would be kept by the premium seller. The risk of $8.44 would be incurred if the stock dropped below the $155.00 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 62.49 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
Why American Express Stock Is Up 37% Through the First Half of 2021
Wed, 14 Jul 2021 17:47:50 +0000
It has been a great year so far for American Express (NYSE: AXP) as its stock price has surged 37% year to date through June 30, according to data provided by S&P Global Market Intelligence. The stock has not only outperformed the S&P 500, which was up 15% year to date through the first two quarters, but also its credit card competitors. American Express is up 41% year to date as of July 14, while Visa and Mastercard are up 12% and 9% in 2021, respectively.
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