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Amc Entertainmen Falls 5.09% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Amc Entertainmen (NYSE:AMC) traded in a range yesterday that spanned from a low of $9.99 to a high of $10.28. Yesterday, the shares fell 5.1%, which took the trading range below the 3-day low of $10.31 on volume of 1.6 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 9th, 2019 by issuing a Downtrend alert when the shares were trading at $13.46. Since that call, shares of Amc Entertainmen have fallen 21.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Amc Entertainmen share prices have moved between a 52-week high of $21.45 and the current low of $9.99 and are currently at $10.07 per share. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 2.5%.

Keywords: rebounders amc entertainmen

Ticker(s): AMC