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Possible Trend Reversal, Amc Entertainmen Down on Heavy Volume (AMC)

By James Quinn

Shares of Amc Entertainmen are trading down 3.5% to $14.57 today on above average volume. About 879,000 shares have been traded today, as compared to the 30-day average volume of 225,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Amc Entertainmen on November 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.47. Since that recommendation, shares of Amc Entertainmen have risen 4.4%. We continue to monitor AMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Amc Entertainmen has traded in a range of $10.80 to $35.65 and is now at $14.65, 36% above that low. 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: unusual volume amc entertainmen

Ticker(s): AMC