Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Let's face it. AMC hasn't had a good run the last 2 years. We started a bit of an uptrend in July and I am betting it will continue. We're below some key moving averages such as the weekly 21EMA and the monthly 21EMA as well but...
I've been waiting for AMC to turn and break the downtrend. Now i am afraid that it'll go up until the ER and then drop again...
How far do you think it'll go? I'am asking for a friend.
Earnings later this week, in for the pre-earning bump.
Small caps seem more resilient than the rest of the market, China doesn't really affect movie goers anyways.
Remember, earnings are a crap shoot.
Very confident that this will go back down towards the low teens; then eventually have a big fall out of this channel;
Obv, a lot of consolidation along the way.
AMC has been getting some decent hype with its subscription service, but the company is still far from profitable and not expected to be until next year. Technically the stock is in an ascending wedge pattern, which is bearish and is encountering some heavy, historical resistance levels. In addition, the stock price is sitting near the top end of the wedge channel...
AMC appears almost ready to emerge from a lengthy bottoming process that started with a H&S bottom, then extended into a rising triangle.
The stock has been spending alot of time near the upper end of the range and seems likely to need only a modest amount of additional work to move to higher levels.
The huge short interest could help propel the move higher.
I have been observing this stock for a long time. There is a rounding bottom and the prices have been crossed the Simple moving average 200 daily. They designed a first pullback on the SMA 200 that was a nice opportunity for a nice operation. Now we are in a phase that seems a new pullback. The time cycle seems at final countdown. In my opinion is a nice...
AMC Entertainment Holdings, Inc. is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc. (AMCE), American Multi-Cinema, Inc. (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors. The Company also offers a range of food and beverage items, which include popcorn; soft drinks; candy; hot dogs; specialty drinks, including beers, wine and mixed drinks, and made to order hot foods, including menu choices, such as curly fries, chicken tenders and mozzarella sticks. It operates over 900 theatres with approximately 10,000 screens globally, including over 661 theatres with approximately 8,200 screens in the United States and over 244 theatres with approximately 2,200 screens in Europe. The Company’s subsidiary also includes Carmike Cinemas, Inc.
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AMC
