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Shares of Amc Entertainmen Has Fallen Below Previous 52-Week Low

By Amy Schwartz

Shares of Amc Entertainmen (NYSE:AMC) traded at a new 52-week low today of $14.35. Approximately 431,000 shares have changed hands today, as compared to an average 30-day volume of 225,000 shares.

Amc Entertainmen (NYSE:AMC) has potential upside of 158.5% based on a current price of $14.45 and analysts' consensus price target of $37.35. The stock should find initial resistance at its 200-day moving average (MA) of $26.13 and further resistance at its 50-day MA of $27.74.

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.

In the past 52 weeks, Amc Entertainmen share prices have been bracketed by a current low of $14.35 and a high of $35.65 and are now at $14.45. The 200-day and 50-day moving averages have moved 0.29% lower and 1.93% higher over the past week, respectively.

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 50.7%. 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