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

By David Diaz

Shares of Amc Entertainmen (NYSE:AMC) traded at a new 52-week low today of $9.87. Approximately 373,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.

Amc Entertainmen (NYSE:AMC) has potential upside of 110.1% based on a current price of $9.90 and analysts' consensus price target of $20.80. The stock should find initial resistance at its 50-day moving average (MA) of $13.25 and further resistance at its 200-day MA of $15.22.

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 share prices have moved between a 52-week high of $21.45 and the current low of $9.87 and are currently at $9.90 per share. The 200-day and 50-day moving averages have moved 0.85% lower and 2.48% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Amc Entertainmen on May 9th, 2019 by issuing a Downtrend alert when the shares were trading at $13.46. Since that call, shares of Amc Entertainmen have fallen 25.6%. 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