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Amc Entertainmen: 52-Week High Recently Eclipsed (AMC)

By David Diaz

Shares of Amc Entertainmen (NYSE:AMC) traded at a new 52-week high today of $21.30. This new high was reached on below average trading volume as 892,000 shares traded hands, while the average 30-day volume is approximately 2.1 million shares.

Over the past year, Amc Entertainmen has traded in a range of $10.80 to $21.30 and is now at $20.80, 93% above that low. The 200-day and 50-day moving averages have moved 0.80% higher and 1.87% higher over the past week, respectively.

AMC Entertainment Holdings Inc. operates as a holding company. The Company, through its subsidiaries, provides theatrical exhibition services. AMC Entertainment offers movie theaters in the United states, Canada, Europe, and Asia.

Amc Entertainmen (NYSE:AMC) has potential upside of 0.0% based on a current price of $20.80 and analysts' consensus price target of $20.80. Amc Entertainmen shares have support at the 50-day moving average (MA) of $17.69 and additional support at the 200-day MA of $15.78.

SmarTrend recommended that subscribers consider buying shares of Amc Entertainmen on August 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.33. Since that recommendation, shares of Amc Entertainmen have risen 16.0%. We continue to monitor AMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows amc entertainmen

Ticker(s): AMC