American Express (AXP) Offering Possible 6.61% Return Over the Next 27 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 $125.00 short call and a strike $135.00 long call offers a potential 6.61% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $125.00 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $9.38 would be incurred if the stock rose above the $135.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for American Express is bearish and the probability of a decline 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 40.56 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

Dow Jones Reverses Early Gains, Falls 0.2% Today
Thu, 19 Sep 2019 21:12:33 +0000
The Dow Jones Industrial Average fell 53.44 points (or 0.2%) today, possibly because the market gave a thumbs up to yesterday's 0.25% rate cut by the Fed.

Curve’s cloudy crowdfunding
Thu, 19 Sep 2019 04:00:34 +0000
In aid of its grand plans for bank account unification, Curve raised £43m in Series B funding from names such as Gauss Ventures, Oxford Capital and Connect Ventures in mid July. The valuation — £159m — put it firmly in the top tier of the most valuable UK fintechs, alongside companies such as Monzo, Starling Bank and TransferWise.

Kraft Shares Tumble as Buffett Partner 3G Capital Cuts Stake
Wed, 18 Sep 2019 23:30:41 +0000
Second-largest shareholder reduces position in struggling company Buffett said he paid 'too much' for Continue reading…

American Express Plans Live Audio Webcast of the Third Quarter 2019 Earnings Conference Call
Wed, 18 Sep 2019 13:00:00 +0000
American Express Company plans to host a live audio webcast of its earnings conference call at 8:30 a.m. on Friday, October 18, 2019 to discuss third quarter 2019 financial results.

US Indexes Rebound to Close Higher Tuesday
Tue, 17 Sep 2019 21:58:05 +0000
S&P; 500 gains 0.26% Continue reading…

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