American Express (AXP) Offering Possible 5.49% Return Over the Next 27 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 $120.00 short put and a strike $110.00 long put offers a potential 5.49% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $9.48 would be incurred if the stock dropped below the $110.00 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 71.28 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

Stocks Rise on Bets for Fed Rate-Cut; Dollar Gains: Markets Wrap
Fri, 19 Jul 2019 09:23:40 +0000
(Bloomberg) — Stocks in Europe and Asia climbed alongside U.S. futures on investor optimism about a more aggressive policy move by the Federal Reserve. The dollar rose.The Stoxx Europe 600 advanced, led by food and beverage companies, while benchmarks in Japan, China and Hong Kong also climbed. Bets mounted for a 50 basis-point cut after two senior Fed officials spoke of the need to get ahead of an economic slowdown when interest rates are already low. U.S. equity futures rose at the end of a big week for earnings, with reports from companies including BlackRock, American Express and Schlumberger due later Friday.Markets were buoyed by dovish remarks from Fed Vice Chairman Richard Clarida and New York Fed chief John Williams that reinforced bets the central bank could cut interest rates by as much as half a percentage point later this month. Treasury yields came off their lows after the New York Fed tried to walk back Williams’ comments. Investors are also looking to next week when the ECB could shed light on plans to ease monetary policy. The pound and the euro weakened.Elsewhere, oil rose to $56 a barrel in New York, trimming a weekly decline. Gold fell and silver gained for a sixth straight day.These are the main moves in markets:StocksFutures on the S&P 500 Index rose 0.3% as of 10:14 a.m. London time.The Stoxx Europe 600 Index increased 0.5%, the biggest climb in more than two weeks.Germany’s DAX Index increased 0.6%, the largest climb in more than two weeks.The U.K.’s FTSE 100 Index increased 0.6%, the biggest climb in more than two weeks.The MSCI Emerging Market Index jumped 0.8%, the largest climb in more than two weeks.The MSCI Asia Pacific Index surged 1.3%, the highest in two weeks on the biggest jump in more than four weeks.CurrenciesThe Bloomberg Dollar Spot Index rose 0.2%.The euro dipped 0.3% to $1.1245.The British pound decreased 0.3% to $1.2515.The Japanese yen declined 0.3% to 107.67 per dollar, the biggest drop in two weeks.BondsThe yield on 10-year Treasuries climbed two basis points to 2.04%.Britain’s 10-year yield dipped two basis points to 0.739% to the lowest in more than a week.Germany’s 10-year yield fell two basis points to -0.33% to the lowest in more than a week.CommoditiesWest Texas Intermediate crude rose 1.2% to $55.96 a barrel, the biggest advance in more than a week.Gold fell 0.5% to $1,438.49 an ounce.Iron ore increased 1.9% to $116.77 per metric ton, the highest in more than two weeks.\–With assistance from Adam Haigh.To contact the reporter on this story: Laura Curtis in London at lcurtis7@bloomberg.netTo contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net, Namitha Jagadeesh, Todd WhiteFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

10 Stocks with Upside Momentum for 2Q Earnings
Fri, 19 Jul 2019 00:20:02 +0000
Morgan Stanley has identified the stocks with the most positive momentum going into the 2Q 2019 earnings reporting season.

Put Traders Make a Rare Appearance Ahead of American Express Earnings
Thu, 18 Jul 2019 17:43:33 +0000
AXP has been climbing the charts since late December

Say ‘Yes’ to the New American Express Blue Business Cash™ Card for Small Businesses
Thu, 18 Jul 2019 13:00:00 +0000
American Express is helping U.S. small businesses say ‘yes’ to growth opportunities with the launch of the Blue Business Cash Card, available today. The Blue Business Cash Card for small businesses has no annual fee, offers 2% cash back1 on eligible purchases automatically credited to your statement, and helps business owners manage cash flow with Expanded Buying Power.

Buy American Express Stock Ahead of Q2 Earnings Report?
Wed, 17 Jul 2019 22:19:10 +0000
American Express (AXP) was able to hit a new all-time high Wednesday,

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