American Express (AXP) Offering Possible 8.7% Return Over the Next 8 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 $117.00 short put and a strike $112.00 long put offers a potential 8.7% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $117.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $112.00 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 73.27 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

See what the IHS Markit Score report has to say about American Express Co.
Tue, 07 May 2019 12:01:03 +0000
American Express Co NYSE:AXPView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for AXP with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AXP. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $6.24 billion over the last one-month into ETFs that hold AXP are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. AXP credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

Lives ‘torn apart’ by London Bridge terror attack, court hears
Tue, 07 May 2019 03:46:15 +0000
Lives were “torn apart” by the “high and terrible drama” of the terrorist attack that killed eight people at London Bridge in 2017, a coroner said at the start of an inquest into how the victims died. The eight week proceedings, opened by Judge Mark Lucraft QC, the chief coroner, at London’s Old Bailey on Tuesday, will hear evidence from the police and security services about the three attackers as well as the security precautions on London Bridge. The attack on the evening of June 3, 2017, targeted an area bustling with nightlife and came just 10 weeks after another attacker, Khalid Masood, ran down and killed four people on Westminster Bridge and then stabbed and killed a police officer in the grounds of the Palace of Westminster.

Why Delta Air Lines Stock Jumped 13% in April
Mon, 06 May 2019 17:31:00 +0000
Investors are more upbeat about 2019 after a better-than-expected first quarter.

Berkshire's Buffett praises Amex despite competition
Sat, 04 May 2019 20:59:00 +0000
Berkshire Hathaway Chairman and CEO Warren Buffett discusses his investment in American Express at the 2019 Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska. Buffett says, in this day in age, everyone's a competitor, but he's still optimistic on American Express and he's glad he owns 18% of it.

How Warren Buffett’s longtime business partner enlightened the Oracle of Omaha
Fri, 03 May 2019 18:18:00 +0000
Get to know Charlie Munger if you want to understand Berkshire Hathaway, writes Vitaliy Katsenelson.

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