American Express (AXP) Offering Possible 29.2% Return Over the Next 13 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 $162.50 short put and a strike $157.50 long put offers a potential 29.2% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $162.50 by expiration. The full premium credit of $1.13 would be kept by the premium seller. The risk of $3.87 would be incurred if the stock dropped below the $157.50 long put 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 up which suggests that the medium-term momentum for American Express is bullish.

The RSI indicator is at 53.89 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

AmEx Adds Private-Jet Charters, Hotel Credits in Platinum Revamp
Thu, 01 Jul 2021 12:00:00 +0000
(Bloomberg) — American Express Co. is upping the ante to win more premium-card customers.The credit-card giant is adding a raft of new perks to its Platinum product — from $200 in annual hotel credits to deals for chartering private jets — as part of a broad revamp of the popular premium card. The changes come with a price: The lender will increase the annual Platinum fee to $695 from $550.“We’re going to keep all the benefits that cardmembers love today — we’re not taking anything away, and

American Express is changing its Platinum Card for those staying closer to home
Thu, 01 Jul 2021 12:00:00 +0000
Essentially, this is the post-pandemic platinum card.

American Express Enhances the U.S. Platinum Card® with New Suite of Travel and Everyday Benefits
Thu, 01 Jul 2021 12:00:00 +0000
NEW YORK, July 01, 2021–American Express today launched a refreshed U.S. American Express Consumer Platinum Card®, which now offers even more value to Card Members with additional and expanded travel and everyday benefits and services across dining, wellness, retail and entertainment. The suite of benefits now offers Card Members access to more than $1,400 in value each year.

Best Dow Jones Stocks This Year Include Last-Minute Surprise
Wed, 30 Jun 2021 20:54:05 +0000
Dow Jones stocks finished the first half of this year up 12.7%, as the economy continued its rebound. Here are the leaders so far.

The Zacks Analyst Blog Highlights: Comcast, Medtronic, American, Estee Lauder and BP
Mon, 28 Jun 2021 10:39:10 +0000
The Zacks Analyst Blog Highlights: Comcast, Medtronic, American, Estee Lauder and BP

Be Sociable, Share!

Related Posts