$AMC is an interesting situation, it’s been trading sideways for eight months, it’s heavily shorted, 30% of the float is short via Finviz, and there’s a bunch of potential blockbuster movies coming out.
2018 second half line up; Star Wars, Deadpool, Ocean 8, Incredibles 2, Ant-Man, Barbie, Halloween, X-men.
2019 Line up; Captain Marvel, Dumbo, Avengers 4, Aladdin, Toy Story 4, Lion King, Frozen 2, Star Wars.
I believe that if $AMC can trade and stay above $16.75 it can gain some momentum.
STOCK OF THE WEEK RECAP
I’m opening my managed assets program if you have an interest or need a second opinion feel free to REACH OUT.
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at email@example.com or 646-480-7463.