Is the Run Over in Meme-Stock Favorite AMC Entertainment?

The Street2021-06-22

AMC Entertainment has led the charge in meme stocks this summer. Is the run about to end or can it continue higher? Let's look at the chart. AMC Entertainment (AMC) -Get Report has taken over the ...

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Comments

Alvinkoo
2021-06-22
Alvinkoo
Over? Haven’t even start to run yet u dumb dumb.
MonaMaMa
2021-06-22
MonaMaMa
Correcyion started
jaswsf
2021-06-22
jaswsf
Continue
Owr
2021-06-22
Owr
[Happy]
xdpd
2021-06-22
xdpd
It ain't over
JasonNg07
2021-06-22
JasonNg07
To the moon!!

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Is the run about to end or can it continue higher? Let's look at the chart.\n\nAMC Entertainment (AMC) -Get Report has taken over the ...</p>\n\n<a href=\"https://www.thestreet.com/investing/trading-amc-stock-meme-stock-rally-new-highs\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"https://www.thestreet.com/investing/trading-amc-stock-meme-stock-rally-new-highs","article_id":"1148784310","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1148784310","pubTimestamp":1624344567,"columns":[],"sourceInfo":{"source_id":"lsy1610613172068","name":"The Street"},"weMediaInfo":null,"summary":"AMC Entertainment has led the charge in meme stocks this summer. Is the run about to end or can it c","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线"},"translate_title":"在迷因股票中的碾压是最喜欢的AMC院线吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":0.9},"content_text":"AMC Entertainment has led the charge in meme stocks this summer. Is the run about to end or can it continue higher? Let's look at the chart.\n\nAMC Entertainment (AMC) -Get Report has taken over the online forums and stock trends over the last few weeks.\nThe leader of the recent meme-stock rallyhas been on fire. Shares have risen almost 400% over the last month, despite the stock being down 22% from the highs set earlier this month.\nAMC has beendiligent about raising capitalamid the surging stock price - just as the company should.\nGiven that AMC was hit so hard during the pandemic, raising so much capital allows the company to, in the words of CEO Adam Aron, go fromplaying defense to playing offense.\nThe rally in AMC has helpedelevate other stocks too, including BlackBerry (BB) -Get Report, Clover (CLOV) -Get Report, Beyond Meat (BYND) -Get Report and others. Interestingly, GameStop (GME) -Get Report has not played as big of a role as the last short-squeeze bonanza earlier in the year.\nAfter the recent run though, investors are wondering if AMC’s time in the sun is done.\nDaily chart of AMC stock. Chart courtesy of TrendSpider.com\nIn early June, AMC stock exploded higher and topped out at $72.62.\nIn the next session, shares tried to take out the high but couldn’t. In fact, AMC stock posted an incredibly wide range of more than $30 that day, failing to take out the prior day’s high or its low. Neither have been taken out since.\nInstead, shares continue to grind higher, using the 10-day moving average as a support level. However, the advances above $60 continue to act as resistance.\nTrading an asset this volatile is not easy, but I wouldn’t say the run is necessarily over.\nFirst and foremost, I want to see the 10-day moving average and $52.75 area continue to act as support. As long as that’s the case, the stock can continue to consolidate and build for a potentially larger rally.\nA close below $52.75 opens up $50 and a potential test of the 21-day moving average. Below the latter and we could see further selling pressure down to the $35 to $40 area.\nOn the upside, let’s see how AMC continues to handle any moves north of $60. The $62.50 to $65 area has clearly been resistance, but a move above that zone (and even better, a close above this area) puts $70 to $75 in play.\nThat’s where the stock previously topped out and would put AMC between two key extensions from the previous range.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":129318918,"gmtCreate":1624358783834,"gmtModify":1703834292281,"author":{"id":"3570103165740696","authorId":"3570103165740696","name":"Alvinkoo","avatar":"https://static.tigerbbs.com/125771a54fe45d46a60a4151d53465e1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570103165740696","authorIdStr":"3570103165740696"},"htmlText":"Over? Haven’t even start to run yet u dumb dumb.","listText":"Over? Haven’t even start to run yet u dumb dumb.","text":"Over? Haven’t even start to run yet u dumb dumb.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129318918","repostId":1148784310,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129304286,"gmtCreate":1624356365145,"gmtModify":1703834254353,"author":{"id":"3574563425538377","authorId":"3574563425538377","name":"MonaMaMa","avatar":"https://static.tigerbbs.com/a0368c85249a7a2f30679720235bb7a7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574563425538377","authorIdStr":"3574563425538377"},"htmlText":"Correcyion started","listText":"Correcyion started","text":"Correcyion started","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129304286","repostId":1148784310,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129041130,"gmtCreate":1624347596320,"gmtModify":1703834078307,"author":{"id":"3571893886885807","authorId":"3571893886885807","name":"jaswsf","avatar":"https://static.tigerbbs.com/ed600b3aaba5cb409e893412ae0ee2a9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571893886885807","authorIdStr":"3571893886885807"},"htmlText":"Continue&nbsp;","listText":"Continue&nbsp;","text":"Continue","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129041130","repostId":1148784310,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129025765,"gmtCreate":1624346216457,"gmtModify":1703834058347,"author":{"id":"3586149148767425","authorId":"3586149148767425","name":"Owr","avatar":"https://static.tigerbbs.com/8dfa2163e2afed8e55b3cf705716b1e2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586149148767425","authorIdStr":"3586149148767425"},"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129025765","repostId":1148784310,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129022109,"gmtCreate":1624346111101,"gmtModify":1703834056357,"author":{"id":"3577084365996051","authorId":"3577084365996051","name":"xdpd","avatar":"https://static.tigerbbs.com/e3f9e47bae081942af02d5a4d97a3017","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3577084365996051","authorIdStr":"3577084365996051"},"htmlText":"It ain't over","listText":"It ain't over","text":"It ain't over","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129022109","repostId":1148784310,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129064862,"gmtCreate":1624345482256,"gmtModify":1703834043533,"author":{"id":"3578369999666421","authorId":"3578369999666421","name":"JasonNg07","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3578369999666421","authorIdStr":"3578369999666421"},"htmlText":"To the moon!!","listText":"To the moon!!","text":"To the moon!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129064862","repostId":1148784310,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":26,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1148784310"}