AMC Networks Inc.
Short
Updated

AMCX, Short

152
Reasons for short :


-We are at a resistance level
-RSI 84
-Trading above target price ($29.19)


Warning signs: This stock has a 56% short float and a ratio of 11 , a short squeeze is more than possible so position size accordingly.
Also, I can see the forward p/e is favorable at only 5.47.

Good Luck ~






Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.