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Amc Entertainmen Up on Heavy Volume in Possible Trend Reversal (AMC)

By James Quinn

Shares of Amc Entertainmen are trading up -6.7% to $14.18 today on above average volume. Today's volume of 819,000 shares tops the average 30-day volume of 225,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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 51.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Amc Entertainmen has traded in a range of $12.05 to $35.65 and is now at $14.18, 18% above that low. 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: unusual volume amc entertainmen

Ticker(s): AMC