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Shares of Amc Entertainmen Fall to a New 52-Week Low

By Shiri Gupta

Shares of Amc Entertainmen (NYSE:AMC) traded today at $20.70, breaking its 52-week low. Approximately 1.2 million shares have changed hands today, as compared to an average 30-day volume of 225,000 shares.

Amc Entertainmen share prices have moved between a 52-week high of $35.65 and the current low of $20.70 and are currently at $20.90 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.9%.

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.

There is potential upside of 78.7% for shares of Amc Entertainmen based on a current price of $20.90 and an average consensus analyst price target of $37.35. The stock should run into initial resistance at its 200-day moving average (MA) of $26.13 and subsequent resistance at its 50-day MA of $27.74.

SmarTrend recommended that its subscribers protect gains by selling shares of Amc Entertainmen on May 5th, 2017 by issuing a Downtrend alert when the shares were trading at $29.31. Since that call, shares of Amc Entertainmen have fallen 25.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows amc entertainmen

Ticker(s): AMC