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Amc Entertainmen Trading Lower on Heavy Volume, Inline With Overall Trend (AMC)

By Amy Schwartz

Shares of Amc Entertainmen are trading down 4.6% to $20.90 today on above average volume. Approximately 308,000 shares have changed hands today vs. 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 25.3%. 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 $20.70 to $35.65 and are now at $20.90. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has slid 0.3%.

Keywords: unusual volume amc entertainmen

Ticker(s): AMC