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After Yesterday's Decline of 3.51%, Amc Entertainmen Offers Investors Better Value

By David Diaz

Amc Entertainmen (NYSE:AMC) traded in a range yesterday that spanned from a low of $15.05 to a high of $15.85. Yesterday, the shares fell 3.5%, which took the trading range below the 3-day low of $15.30 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Amc Entertainmen on November 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.47. Since that recommendation, shares of Amc Entertainmen have risen 8.2%. We continue to monitor AMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Amc Entertainmen share prices have moved between a 52-week high of $35.65 and a 52-week low of $10.80 and are now trading 41% above that low price at $15.19 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.9%.

Keywords: rebounders amc entertainmen

Ticker(s): AMC