American Express (AXP) Offering Possible 13.12% Return Over the Next 31 Calendar Days

This post was originally published on this site

American Express’s most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $140.00 short put and a strike $130.00 long put offers a potential 13.12% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $1.16 would be kept by the premium seller. The risk of $8.84 would be incurred if the stock dropped below the $130.00 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 68.59 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

Strong Economy, Low Yields and Bank Earnings Send Wall Street to New Highs, but What’s Next?
Sun, 18 Apr 2021 22:23:34 +0000
The market may switch gears next week

American Express (AXP) Expected to Beat Earnings Estimates: Should You Buy?
Fri, 16 Apr 2021 16:30:04 +0000
American Express (AXP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

American Express Ranks 10th on Fortune’s List of 100 Best Companies to Work For
Mon, 12 Apr 2021 14:45:00 +0000
American Express (NYSE: AXP) has ranked 10th on the 2021 Fortune 100 Best Companies to Work For® list in the U.S., marking the company’s second consecutive year among the Top 10. This placement reflects American Express’ strong focus on backing colleagues and providing opportunities to learn, grow and have a meaningful and unique career journey. The ranking, based in large part on feedback from employees, underscores our unwavering commitment to fostering an inclusive and diverse environment where colleagues feel seen, heard and like they truly belong.

Corporate America’s response to the Georgia voting law
Mon, 12 Apr 2021 13:52:28 +0000
Yahoo Finance’s, Andy Serwer, Brian Sozzi and Myles Udland break down the push from business leaders against new voting laws.

Influencers with Andy Serwer: Gerald Chertavian
Thu, 08 Apr 2021 10:00:00 +0000
In this episode of Influencers, Andy is joined by Year Up founder and CEO, Gerald Chertavian, as they discuss racial inequality and the work Gerald is doing to help close the opportunity gap for young Americans.

Be Sociable, Share!

Related Posts