AMC Entertainment Holdings Inc (AMC) is still holding up well here and the stock has a chance to move higher. I will be watching the stock next week for a continuation move through Friday’s highs of $5.77. A retest of 6.50 seems very likely in the coming days. Looking at the technical chart the MACD has just cut above its signal line and the RSI is abv 50% level while rising. ADX is beginning to bottom out. Keep this on your watchlist because the overall market sentiment on AMC is beginning to turn bullish again. I love the Amazon buyout rumors.
Comment:
like I was saying..:-)