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After Yesterday's Decline of 1.49%, Amc Entertainmen Offers Investors Better Value

By James Quinn

Amc Entertainmen (NYSE:AMC) traded in a range yesterday that spanned from a low of $13.19 to a high of $13.49. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $13.36 on volume of 803,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Amc Entertainmen have traded between a low of $11.66 and a high of $21.45 and are now at $13.20, which is 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.3%.

SmarTrend is monitoring the recent change of momentum in Amc Entertainmen. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Amc Entertainmen in search of a potential trend change.

Keywords: rebounders amc entertainmen

Ticker(s): AMC