{"id":31464,"date":"2022-06-01T02:40:45","date_gmt":"2022-06-01T02:40:45","guid":{"rendered":"https:\/\/harchi90.com\/can-amc-entertainment-stock-rally-to-20-check-the-chart\/"},"modified":"2022-06-01T02:40:45","modified_gmt":"2022-06-01T02:40:45","slug":"can-amc-entertainment-stock-rally-to-20-check-the-chart","status":"publish","type":"post","link":"https:\/\/harchi90.com\/can-amc-entertainment-stock-rally-to-20-check-the-chart\/","title":{"rendered":"Can AMC Entertainment Stock Rally to $ 20?  Check the Chart."},"content":{"rendered":"<div wp_automatic_readability=\"76.892762410004\"><!-- tml-version=\"2\" --><\/p>\n<p>AMC Entertainment <span> (<strong>AMC<\/strong>) &#8211; Get AMC Entertainment Holdings, Inc. Class A Report<\/span> leaped out of the gate on May 31, the first trading day of a holiday-shortened week.<\/p>\n<p>The shares moved up as much as 11% to start the week, then eased to 4.6% at last check. <\/p>\n<p>The initial rally came after a record Memorial Day box office result for &#8216;Top Gun: Maverick.&#8217; <\/p>\n<p>AMC said that domestically and internationally more than 5 million customers came through the doors this weekend.  Two-thirds of those visitors came for the new &#8220;Top Gun&#8221; film.<\/p>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-b not-size-c not-size-d\" data-ad-group=\"in_content-0\"\/>\n<p>AMC Entertainment has been trading much better lately.  The stock is working on its third straight daily gain, and if it closes higher this week, it will mark its third straight weekly gain. <\/p>\n<p>Despite the trouble that the overall market has had over the past two months, the so-called meme stocks like AMC Entertainment and GameStop <span> (<strong>GME<\/strong>) &#8211; Get GameStop Corp. Class A Report<\/span> lately have been finding some momentum. <\/p>\n<p>That&#8217;s not to say these stocks haven&#8217;t been hit in the stock market selloff.  AMC shares are still down almost 60% from the March high and down 46% on the year. <\/p>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-c\" data-ad-group=\"in_content-0\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-d\" data-ad-group=\"in_content-0\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-b not-size-c not-size-d\" data-ad-group=\"in_content-1\"\/>\n<p>Does it have more upside right now? <\/p>\n<section class=\"m-in-content-recommendation m-detail--in-content-recommendation m-detail--body-reset mm-component-stack--is-body-item\" style=\"--title_size_a_font_size:18;\">\n<p><span>Scroll to Continue<\/span><\/p>\n<\/section>\n<h2 id=\"trading-amc-stock\">AMC Entertainment Stock Trading<\/h2>\n<div class=\"m-detail--body-item m-detail--body-item-inline\">\n<figure class=\"l-inline tml-image m-detail--tml-image--inline\" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\" wp_automatic_readability=\"2\"><phoenix-picture><a><picture class=\"is-waiting-to-load\"><source type=\"image\/webp\" sizes=\"(min-width: 1240px) 700px, (min-width: 675px) 620px, calc(100vw - 40px)\" data-srcset=\"https:\/\/www.thestreet.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_380\/MTg5ODcxNTA5OTU3NzgwNzA2\/amc.webp 380w, https:\/\/www.thestreet.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_620\/MTg5ODcxNTA5OTU3NzgwNzA2\/amc.webp 620w, https:\/\/www.thestreet.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_1240\/MTg5ODcxNTA5OTU3NzgwNzA2\/amc.webp 1240w, https:\/\/www.thestreet.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700\/MTg5ODcxNTA5OTU3NzgwNzA2\/amc.webp 700w, https:\/\/www.thestreet.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_1248\/MTg5ODcxNTA5OTU3NzgwNzA2\/amc.webp 1248w\"><source sizes=\"(min-width: 1240px) 700px, (min-width: 675px) 620px, calc(100vw - 40px)\" data-srcset=\"https:\/\/www.thestreet.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_380\/MTg5ODcxNTA5OTU3NzgwNzA2\/amc.png 380w, https:\/\/www.thestreet.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_620\/MTg5ODcxNTA5OTU3NzgwNzA2\/amc.png 620w, https:\/\/www.thestreet.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_1240\/MTg5ODcxNTA5OTU3NzgwNzA2\/amc.png 1240w, https:\/\/www.thestreet.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700\/MTg5ODcxNTA5OTU3NzgwNzA2\/amc.png 700w, https:\/\/www.thestreet.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_1248\/MTg5ODcxNTA5OTU3NzgwNzA2\/amc.png 1248w\"><\/source><\/source><\/picture><\/phoenix-picture><!-- disableImageMeta is needed to prevent duplicate rendering of the image meta.--><!-- Duplicate rendering can occur because we have moved the image metadata outside of--><!-- the .m-detail-header--container. The original image metadata in tmlImage is needed--><!-- for the InContent detail header which renders when the media size is inline or breakout.--><figcaption wp_automatic_readability=\"4\">\n<p class=\"tml-image--caption\" itemprop=\"caption\">Weekly chart of AMC stock.<\/p>\n<p class=\"tml-image--attribution\" itemprop=\"author\"><span>Chart courtesy of TrendSpider.com<\/span><\/p>\n<\/figcaption><\/figure>\n<\/div>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-c not-size-d\" data-ad-group=\"in_content-0\"\/>\n<p>The $ 13.50 to $ 15 area really has my attention.  Not only do the 10-week and 200-week moving averages sit just above this area, but the zone is also a prior support area from the first quarter that has been resistance until this week. <\/p>\n<p>The bulls now hope that AMC Entertainment stock can reclaim this area and continue higher.  If it can do that, it could unlock significant upside levels. <\/p>\n<p>Specifically, I&#8217;m looking to see whether AMC can clear the 21-week moving average.  That was resistance in March and sits just above today&#8217;s high. <\/p>\n<p>Above that could open the door to $ 20, which would represent 37% upside from current levels.  If AMC stock gains even more momentum, perhaps the bulls can turn their attention to the $ 22.50 to $ 23 area. <\/p>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-c\" data-ad-group=\"in_content-1\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-d\" data-ad-group=\"in_content-1\"\/>\n<p>In that zone, we find the 10-month moving average and monthly VWAP measure.  It&#8217;s also where downtrend resistance comes into play (blue line). <\/p>\n<p>On the flip side, keep an eye on today&#8217;s current low at $ 13.93.  A break of this level puts $ 13.50 in play &#8211; remember, that&#8217;s the bottom of the $ 13.50 to $ 15 range we&#8217;re watching. <\/p>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-b not-size-c not-size-d\" data-ad-group=\"in_content-2\"\/>\n<p>A close below $ 13.50 <em>could<\/em> put $ 12 in play, followed by the $ 10 to $ 10.50 zone.<\/p>\n<\/div>\n<p><script type=\"text\/template\" id=\"facebookPixel135067773744716\">!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function()\n{n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}\n;if(!f._fbq)f._fbq=n;\nn.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,\ndocument,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n(function(){\n    fbq('init', '135067773744716');\n    fbq('track', 'PageView');\n    var contentId = 'ci02a28f1d400024e2';\n    if (contentId !== '') {\n        fbq('track', 'ViewContent', {content_ids: [contentId], content_type: 'product'});\n    }\n})();<\/script>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AMC Entertainment (AMC) &#8211; Get AMC Entertainment Holdings, Inc. Class A Report leaped out of the gate on May 31, the first trading day of a holiday-shortened week. The shares moved up as much as 11% to start the week, then eased to 4.6% at last check. The initial rally came after a record Memorial &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/can-amc-entertainment-stock-rally-to-20-check-the-chart\/\"> <span class=\"screen-reader-text\">Can AMC Entertainment Stock Rally to $ 20?  Check the Chart.<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":31465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[14,533,531,1153,532,4512,1321],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.thestreet.com\/.image\/t_share\/MTgxNDczODAwMzg1MjA5NTA4\/amc_4_060321.jpg?ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/www.thestreet.com\/.image\/t_share\/MTgxNDczODAwMzg1MjA5NTA4\/amc_4_060321.jpg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/31464"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=31464"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/31464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media\/31465"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=31464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=31464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=31464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}