American Express Shares Break Out

Did you notice this stock making new highs? Let me show you my newest find. March 22nd, 2024 American Express Shares Break Out Did you notice this stock making new highs? For today’s Trade of the Day we will be looking at a Daily Price chart for American Express Co. (AXP). American Express Company is a diversified financial services company, offering charge and credit payment card products, and travel-related services worldwide. American Express and its main subsidiary, American Express Travel Related Services Company, Inc., are bank holding companies. Take a look at the chart below. Time to Buy? The Daily Price chart above shows that AXP stock has been hitting new 52-Week Highs regularly this week. Simply put, a stock does not just continually hit a series of new 52-Week Highs unless it is in a very strong bullish trend. The Hughes Optioneering team looks for stocks that are making a series of 52-Week Highs as this is a good indicator that the stock is in a powerful uptrend. How I Would Trade This Pick Now, since AXP stock is currently making a series of new 52-Week Highs and will likely rally from here, let’s use the Hughes Optioneering calculator to look at the potential returns for an AXP call option spread. For this option spread, the calculator analysis below reveals the cost of the spread is $658 (circled). The maximum risk for an option spread is the cost of the spread. The analysis reveals that if AXP stock is flat, up, or down 7.5% at option expiration the spread will realize a 52.0% return (circled). Due to option pricing characteristics, this option spread has a ‘built in’ 52.0% profit potential when the trade was identified*. Option spread trades can result in a higher percentage of winning trades compared to a directional option trade if you can profit when the underlying stock/ETF is up, down or flat. A higher percentage of winning trades can give you the discipline needed to become a successful trader. The Hughes Optioneering Team is here to help you identify profit opportunities just like this one. ⚡Quick, Low Cost Trades from the Champ⚡ Chuck Hughes has just launched his exciting new trading service program, Lightning Trade Alerts. This new service focuses on low-cost & short-term options trade. Members will receive hand-picked options trades from the 10-Time Trading Champion, Chuck Hughes. Call our team at 1-866-661-5664 or 1-310-647-5664 to join or [CLICK HERE]( to schedule a call! Wishing You the Best in Investing Success, Chuck Hughes Editor, Trade of the Day Unlock Chuck’s trading wisdom through our complimentary text alerts! Enroll today to receive expert tips, live event notifications, and exclusive discounts. [Register for free!]( *Trading incurs risk and some people lose money trading.  --------------------------------------------------------------- See Related Articles [‘Buy’ Signal Indicated for Copart, Inc.]( [Invest in Housing: ITB Building Momentum]( [‘Buy Alert’: Investors Piling into CrowdStrike]( --------------------------------------------------------------- [TradeWins Logo](  © 2024 Tradewins Publishing. All rights reserved. | [Privacy Policy]( | [Terms and Conditions]( | [Contact Us]( If you didn't create an account using this email address, please ignore this email or unsubscribe using the link below. To ensure delivery of this email to your inbox and to enable images to load in future mailings, please add [todaystrade@chuckstod.com]( to your e-mail address book or safe senders list. DISCLAIMER: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by Legacy Publishing LLC. For additional information on auto-trading, you may visit the SEC's website: All About Auto-Trading. The information provided by the Legacy Publishing LLC (“Legacy”) Trading Services, newsletters and educational publications (“Services”) is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Legacy a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Please note that results may not be typical and can vary from person to person. There are inherent risks involved with investing in the stock and options market, including the loss of your investment. Any investment is at your own risk. You should only trade or invest your "risk capital" – money you can afford to lose. This email was sent to {EMAIL} by todaystrade@chuckstod.com TradeWins Publishing Corp.528 North Country Rd.St. James, NY 11780 [1-Click Unsubscribe]( | [Edit Profile]( | [Manage Subscriptions]( | [Report Spam](