• Return to Headlines

Bearish Moving Average Cross by Amc Entertainmen (AMC)

By Amy Schwartz

Today, shares of Amc Entertainmen (NYSE:AMC) have crossed bearishly below their 10-day moving average of $11.74 on a volume of 712K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Amc Entertainmen share prices have moved between a 52-week high of $21.45 and a 52-week low of $8.73 and are now trading 32% above that low price at $11.56 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 2.3%.

SmarTrend recommended that subscribers consider buying shares of Amc Entertainmen on July 19th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.49. Since that recommendation, shares of Amc Entertainmen have risen 13.6%. We continue to monitor AMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amc entertainmen

Ticker(s): AMC