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$AMCX Is A Trendline Buy

Long
NASDAQ:AMCX   AMC Networks Inc
$AMCX is a buy off the long-term downtrend support line. We believe $AMCX is due for a trend change. With 21.71% of the float short, there's room for short covering. In addition, $AMCX is a cheap value play. $AMCX trades at just 4x earnings , 0.51x sales, 1.89x cash, and 3.94x FCF .

AMC Networks Inc . owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC , WE tv, BBC AMERICA, IFC , and SundanceTV names in high definition and standard definition formats. This segment distributes its networks in the United States through cable and other multichannel video programming distribution platforms, such as direct broadcast satellite and platforms operated by telecommunications providers. The International and Other segment delivers entertaining and acclaimed programming services for subscribers in approximately 130 countries and territories. This segment also operates in independent film distribution business that distributes films across various media platforms, including theaters, cable/satellite video on demand, cable network television, streaming/downloading to internet-connected screens, and DVDs. The company also provides subscription streaming and talent management services. AMC Networks Inc . was founded in 1980 and is headquartered in New York, New York.

As always, trade with caution.

Good luck to all!
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