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AXP trade ideas

An 18 month slow, simple position with large cap US DowThe selloff appeared to have reached a recent low defined by liquidation, high anxiety, hitting potential short to medium term lows by 2:30 PM on March 23, 2020. For the longer term position trader who would be no different than a long term investor in large cap companies, The prices for the week ended March 25, 2020, may have been an opportune window of entry given the levels of volatility and broad liquidation across most asset classes. positions were taken by the close of March 24 and March 25, 2020, Q1 2020 A small selection of Dow Dividend giants was chosen for this experiment in counter trend positions, which will be concluded in 18 months, or about September 2021, the end of Q3 2021 The lineup includes: Home Depot Intel Microsoft American Express Visa Goldman Sachs Apple Disney 3M
NYSE:AXP
by edwardrooster
American Express UPCOMING EARNINGS!! With earings on Apr 24, I think they will miss, due to the stay at home ordes b/c of the coronavirus. -I'm sure a large number of customers are choosing to defer their payments, ultimately affecting AXP revenue. - Am. Express has been on a nose dive since January - it found resistance at the 38. 2 level and im riding it down back to 68-70 (or the 0.0) fib level where it may find support.. - Price also respected the 6.81 fib level on the daily time frame Feel free to like, comment, follow.
NYSE:AXPShort
by NoCeilingsTrading
Weekly Support - 3/20 120 CALL - low riskChart shows weekly trendline support from 2016 drop and 2019 drop. Solid yellow line connects closing price, while dashed yellow line connects lows. Prices are about 207.50 and 205, respectively. You can easily set stop losses to scale out of position, otherwise this will be a nice trade if buyers step in and market bounces upward next week. Also on stochastic, %K has stretched far from %D, which indicates there might be a move up. *** Option value may decline if IV drops and price does not move up enough. I suggest only a small amount of capital into this trade.
NYSE:AXPLong
by OptionsRising
AXP - DAILY CHARTHi, today we are going to talk about American Express Co and its current landscape. As nowadays we live in a consumerist society and access to a credit card has continually become easier to obtain, is reasonable to predict that the card debts are also going to rise too, as financial education isn't the strong point of U.S consumers, and are used to the debt culture. The heat up U.S economy put credit card companies in a more comfortable zone as the unemployment rate remains near to historic lows, which helps customers to keep up with their bills. However, the question that worth to be raised here is, if the 90 days past due card debt is probably surging to 2.01%, the highest level since 2010 amid a heated economy, what is going to happen with this type of debt, once the U.S economy make its first downward movement of correction and make harder for customers pay their credit card bills. Even with the credit card issuers tighten their credit standards, we can't be sure it's going to be enough to avoid a crisis on the sector, which could lead to a flood of bad debt, decline of new credit card issuance and other types of liabilities. This scenario could mean concerning news for American Express if the company doesn't progressively start to deploy the proper countermeasures for this scenario. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
NYSE:AXP
by Igor-Silva