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Look for Shares of Amc Entertainmen to Potentially Rebound after Yesterday's 9.70% Sell Off

By Amy Schwartz

Amc Entertainmen (NYSE:AMC) traded in a range yesterday that spanned from a low of $19.65 to a high of $21.25. Yesterday, the shares fell 9.7%, which took the trading range below the 3-day low of $21.25 on volume of 3.2 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 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.

Amc Entertainmen share prices have moved between a 52-week high of $35.65 and the current low of $19.65 and are currently at $19.77 per share. Over the past week, 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