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Watch for Continued Losses in Shares of Amc Networks-A (AMCX)

By James Quinn

Amc Networks-A (NASDAQ:AMCX) traded at a new 52-week low today of $50.22. So far today approximately 108,000 shares have been exchanged, as compared to an average 30-day volume of 483,000 shares.

AMC Networks Inc. operates as a holding company which produces independent films and original programming through its subsidiaries. The Company broadcasts and distributes its content on television, through online streaming services and on mobile platforms.

Over the past year, Amc Networks-Ahas traded in a range of $50.22 to $68.42 and are now at $50.22. The 200-day and 50-day moving averages have moved 0.16% lower and 0.23% lower over the past week, respectively.

Amc Networks-A (NASDAQ:AMCX) has potential upside of 24.0% based on a current price of $50.22 and analysts' consensus price target of $62.27. Amc Networks-A shares should first meet resistance at the 50-day moving average (MA) of $54.34 and find additional resistance at the 200-day MA of $57.82.

SmarTrend recommended that its subscribers protect gains by selling shares of Amc Networks-A on July 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $53.47. Since that call, shares of Amc Networks-A have fallen 4.3%. 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 networks-a

Ticker(s): AMCX