AMC - The Stock Everyone Is Following
The Barchart Chart of the Day is the trending company AMC Entertainment Holdings (NYSE: AMC). I am only posting this because this is the number one trending stock but it is pure speculation and I think the horse has already left the barn. Since the Trend Spotter signaled a buy on 5/14 the stock gained 101.23%.
AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of March 12, 2021, it operated approximately 1000 theatres and 10,700 screens in the United States and internationally. The company was founded in 1920 and is headquartered in Leawood, Kansas.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart technical indicators:
- 100% technical buy signals
- (9.12) Weighted Alpha
- 415.19% gain in the last year
- TrendSpotter buy signal
- Above its 20, 50, and 100 day moving averages
- 9 new highs and up 140.47% in the last month
- Relative Strength Index 84.92%
- Technical support level at 21.29
- Recently traded at 26.12 with a 50 day moving average of 11.53
Fundamental factors:
- Market Cap $11.76 billion
- Revenue predicted to grow 94.50% this year and another 98.20% next year
- Earnings estimated to increase 91.60% this year and an additional 74.20% next year
- Wall Street analysts issued 3 strong buy, 6 buy and 6 hold recommendations on the stock
- The individual investors following the stock on Motley Fool disagree with their vote of 116 bulls to 117 bears and their most experienced investors voting 24 bulls and 38 bears
- 52,780 investors are monitoring the stock on Seeking Alpha
Disclosure: I am only presenting this chart due to the high interest in the stock. Very experienced TREND TRADERS have 2 general rules: 1) an initial stop loss at 85% of the purchase ...
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