American Express (AXP) Offering Possible 26.15% Return Over the Next 16 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 $99.50 short call and a strike $105.00 long call offers a potential 26.15% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $99.50 by expiration. The full premium credit of $1.14 would be kept by the premium seller. The risk of $4.36 would be incurred if the stock rose above the $105.00 long call 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 down which suggests that the medium-term momentum for American Express is bearish.

The RSI indicator is at 38.68 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

Rocket Stock Gets Its First Downgrade. Why an Analyst Says to Sell.
Wed, 09 Sep 2020 11:49:00 +0000
Susquehanna analyst downgraded Rocket (ticker: RKT) to Negative, the equivalent of Sell, from Neutral on Monday, while raising his price target to $20 from $18, below Rocket stock’s recent price of $23. Rocket ultimately priced 100 million shares at $18, which was less than the 150 million shares it had initially hoped to price within the $20-$22 range.

British Airways Pass Through Trust 2019-1AA — Moody's downgrades British Airways to Ba2 from Ba1; outlook remains negative
Mon, 07 Sep 2020 19:46:06 +0000
Moody's Investors Service, (“Moody's”) has today downgraded British Airways, Plc's (British Airways or the company) corporate family rating to Ba2 from Ba1. Concurrently Moody's has downgraded the ratings of British Airways Pass Through Trust 2019-1AA (Class AA) to A2 from A1, British Airways Pass Through Trust 2019-1A (Class A) to Baa2 from Baa1, British Airways Pass Through Trust 2018-1AA (Class AA) to A2 from A1, British Airways Pass Through Trust 2018-1A (Class A) to Baa2 from Baa1 and Speedbird 2013 Limited transaction (Class A) to Baa2 from Baa1.

Int'l Consolidated Airlines Group, S.A. — Moody's downgrades IAG to Ba2 from Ba1; outlook remains negative
Mon, 07 Sep 2020 19:45:06 +0000
Moody's Investors Service, (“Moody's”) has today downgraded Int'l Consolidated Airlines Group, S.A.'s (IAG or the company) corporate family rating to Ba2 from Ba1 and its probability of default rating to Ba2-PD from Ba1-PD. Concurrently Moody's has downgraded the ratings to B1 from Ba2 of the company's E1 billion senior unsecured notes divided into E500 million series A bonds due 2023 and E500 million series B bonds due 2027.

Dow's nearly 200-point climb led by gains in shares of American Express, JPMorgan Chase
Fri, 04 Sep 2020 13:45:00 +0000
DOW UPDATE The Dow Jones Industrial Average is climbing Friday morning with shares of American Express and JPMorgan Chase seeing positive growth for the index. Shares of American Express (AXP) and JPMorgan Chase (JPM) are contributing to the index's intraday rally, as the Dow (DJIA) was most recently trading 196 points (0.

Coronavirus: Will you ever return to the office for work?
Thu, 03 Sep 2020 18:08:33 +0000
Here's what this new survey says about the return to the office.

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