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Bearish Moving Average Cross by Amc Networks-A (AMCX)

By Amy Schwartz

Today, shares of Amc Networks-A (NYSE:AMCX) have crossed bearishly below their 10-day moving average of $60.18 on a volume of 145K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Amc Networks-A has traded in a range of $46.16 to $67.61 and is now at $59.52, 29% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.4%.

SmarTrend is tracking the current trend status for Amc Networks-A and will alert subscribers who have AMCX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amc networks-a

Ticker(s): AMCX