American Express's most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $122.00 short put and a strike $117.00 long put offers a potential 22.85% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $122.00 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock dropped below the $117.00 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 61.14 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
American Express (AXP) Dips More Than Broader Markets: What You Should Know
Mon, 07 Dec 2020 22:50:10 +0000
In the latest trading session, American Express (AXP) closed at $123.94, marking a -0.88% move from the previous day.
The Ultimate Warren Buffett Stock Is In Buy Zone, But Should You Buy It?
Mon, 07 Dec 2020 22:35:43 +0000
Berkshire Hathaway is the ultimate Warren Buffett stock. But is it a good buy? Here's what the earnings and chart show for Berkshire stock.
American Express (AXP) Unveils eGift Cards This Holiday Season
Mon, 07 Dec 2020 16:40:04 +0000
American Express (AXP) rolls out eGift card option for the upcoming Yuletide to cater to the increasing craze of gifting remotely and via the digital mode.
Why American Express Stock Rose 30% in November
Mon, 07 Dec 2020 15:08:00 +0000
American Express (NYSE: AXP) shareholders trounced a surging market in November as their stock gained 30% compared to the 11% increase in the S&P 500, according to data provided by S&P Global Market Intelligence. November's stock market rally was driven by positive vaccine news that implied an approaching end to the COVID-19 pandemic. As a result, American Express joined its financial sector peers in posting surging gains that erased some of their year-to-date losses.
Mastercard to investigate allegations against Pornhub
Sun, 06 Dec 2020 15:48:07 +0000
The New York Times column, written by Nicholas Kristof, described videos on Pornhub that the author said were recordings of assaults on unconscious women and girls. Pornhub denied the allegations. “Any assertion that we allow CSAM (child sexual abuse material) is irresponsible and flagrantly untrue,” it said in a statement emailed to Reuters.
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