• Return to Headlines

After Yesterday's Decline of 2.60%, Amc Entertainmen Offers Investors Better Value

By James Quinn

Amc Entertainmen (NYSE:AMC) traded in a range yesterday that spanned from a low of $13.65 to a high of $14.55. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $14.40 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Amc Entertainmenhas traded in a range of $13.65 to $35.65 and are now at $14.07. The 200-day and 50-day moving averages have moved 0.29% lower and 1.93% higher over the past week, respectively.

Keywords: rebounders amc entertainmen

Ticker(s): AMC