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

By David Diaz

Today, shares of Amc Networks-A (NASDAQ:AMCX) have crossed bearishly below their 10-day moving average of $60.04 on a volume of 423K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Amc Networks-A share prices have moved between a 52-week high of $69.02 and a 52-week low of $46.89 and are now trading 22% above that low price at $57.41 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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