American Express (AXP) Offering Possible 11.48% Return Over the Next 35 Calendar Days

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American Express’s most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $95.00 short put and a strike $85.00 long put offers a potential 11.48% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $1.03 would be kept by the premium seller. The risk of $8.97 would be incurred if the stock dropped below the $85.00 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 74.17 level which suggests that the stock is neither overbought nor oversold at this time.

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Int’l Consolidated Airlines Group, S.A. — Moody’s downgrades IAG to Ba2 from Ba1; outlook remains negative
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Dow’s nearly 200-point climb led by gains in shares of American Express, JPMorgan Chase
Fri, 04 Sep 2020 13:45:00 +0000
DOW UPDATE The Dow Jones Industrial Average is climbing Friday morning with shares of American Express and JPMorgan Chase seeing positive growth for the index. Shares of American Express (AXP) and JPMorgan Chase (JPM) are contributing to the index’s intraday rally, as the Dow (DJIA) was most recently trading 196 points (0.

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