$AMC Is An Attractive Risk/Reward Opportunity

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!
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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
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.
Look's like it could be a good buy on break of 7.11 or high of day area. Good chart
@CyberPC, agree!
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