AMC Entertainment Stock Forms Trading Range – AMC Entertainment Holdings (AMC)

AMC Entertainment Holdings, Inc. (NYSE: AMC) reported numbers above estimates. The company said an adjusted loss of 71 cents per share, while Rue sought a loss of 96 cents.

Despite this, the stock is trading in the middle of the range it recently formed.

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The high end is around $ 40, a level that has been resistance. There have been enough stocks to sell to keep the price high.

The low end was around $ 29.50 which is a support level. There has been enough demand to lower stocks.

AMC traders will be watching these levels closely. If one of them breaks, it could indicate whether the next trend will be up or down.