American Express (AXP) Offering Possible 18.76% 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 $116.00 short put and a strike $111.00 long put offers a potential 18.76% 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 $116.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock dropped below the $111.00 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 78.07 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

How Warren Buffett’s longtime business partner enlightened the Oracle of Omaha
Fri, 03 May 2019 09:20:00 +0000
Get to know Charlie Munger if you want to understand Berkshire Hathaway, writes Vitaliy Katsenelson.

American Express® Unveils the Refreshed Blue Cash Preferred® Card, Offering Rich New Benefits for Card Members to Further “Elevate Their Every Day”
Thu, 02 May 2019 13:00:00 +0000
American Express (AXP) is refreshing its popular Blue Cash Preferred® Card with a suite of new valuable benefits to further reward Card Members for their everyday routines. Beginning May 9, 2019, new and existing Blue Cash Preferred Card Members will receive 6% cash back on select U.S. streaming subscriptions and 3% cash back on transit purchases, in addition to the rich 6% Cash Back on U.S. supermarkets (on up to $6,000 in purchases) and 3% cash back at U.S. gas stations that currently come with the Card. “We know our Blue Cash Preferred Card Members well – they are juggling busy schedules and want an easy and valuable way to earn Cash Back on their day-to-day spending,” said Kunal Madhok, Vice President, U.S. Consumer Lending and Acquisition, American Express.

Mastercard Up After Earnings Top Views; Euronet Beats, Guides High
Tue, 30 Apr 2019 20:06:18 +0000
Mastercard earnings beat estimates and revenue narrowly topped views early Tuesday. Euronet Worldwide also beat and gave strong guidance.

Here are the big stocks Buffett's betting on in 2019
Tue, 30 Apr 2019 17:38:07 +0000
Shareholders are gearing up to flock to Omaha, Nebraska, for Berkshire Hathaway's annual meeting this Saturday. The "Oracle of Omaha" is a fan of Apple, and Berkshire's top stocks are dominated by big banks, including Bank of America, Wells Fargo, J.P. Morgan Chase, and Goldman Sachs.

3 Reasons American Express Is a Buy
Mon, 29 Apr 2019 21:30:00 +0000
What do all three have in common? They all show that management is working diligently to ensure that its account holders can engage with their cards and rewards in more ways than ever before.

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