InsiderFinancial
Long

$AMC Is An Attractive Risk/Reward Opportunity

NYSE:AMC   AMC ENTERTAINMENT HOLDINGS INC
We are finally seeing some improvement in the technical picture for $AMC. At $7, $AMC presents an attractive risk/reward play. We would buy $AMC and risk to new lows below $6.25 a share. With 56% of the float short, we will get a big short squeeze if $AMC starts running. $AMC reports earnings on February 27th, so keep that in mind.

AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets. The company was founded in 1920 and is headquartered in Leawood, Kansas. AMC Entertainment Holdings, Inc. is a subsidiary of Dalian Wanda Group Co., Ltd.

As always, trade with caution and use protective stops.

Good luck to all!
To receive our alerts via email and SMS, join Insider Financial for Free at https://signup.insiderfinancial.com

We are not financial advisors. Always conduct your own research and read our full disclaimer at https://insiderfinancial.com/disclaimer/

Comments

Its short interest is 57%. On a good earnings or reversal this stock can easily pop back up to $12 by Feb 28. Which is great bc I am down 50% on this beech
Reply
InsiderFinancial Chasing_Tendies
@Chasing_Tendies, thought we'd see follow through on the move above yesterday's high, but we didn't. Rather disappointing trade today to say the least.
Reply
Look's like it could be a good buy on break of 7.11 or high of day area. Good chart
Reply
@CyberPC, agree!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out