Price Alert for American Express Company (AXP)
Posted on 10/05/2010 by Leo Goldman NEW YORK (Market Intellisearch) -- Unusual volume of call and put contracts crossed the tape today. Total of 122,682 call contracts and 96,239 put contracts were traded in the marketplace. Today's traded Put/Call ratio is 0.78. There were 1.27 calls traded for each put contract.
The following alerts were raised:
- Unusual Call Volume
- Unusual Put Volume
- 3 Month Record High Call Volume
- 3 Month Record High Put Volume
The skewed options ratio suggests that traders are rebalancing their portfolios in anticipation of a price shift. Today's unusual volume activity directly reflects investor outlook and confirms that a stock move is imminent.
Shares of American Express Company slipped $0.77 (-1.97%) to $38.28. The stock closed at $39.05 in the last trading session and today the shares of AXP opened at $39.30. So far today, the stock has hit a low of $37.33 and high of $39.33. The current trading volume of 68,061,912 is greater than average volume of 9,753,650 shares. AXP is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $32.64 and 52 week high is $49.19.
