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Amc Entertainmen Rises 5.14% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Amc Entertainmen (NYSE:AMC) traded in a range yesterday that spanned from a low of $9.22 to a high of $9.55. Yesterday, the shares gained 5.1%, which took the trading range above the 3-day high of $9.50 on volume of 974,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Amc Entertainmen have traded between a low of $8.73 and a high of $20.36 and are now at $9.41, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%.

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