For the past 4 years AMC has been trading in a range between $6.40 and $7.80. Late last week this range wasbroken to the downside and we believe the stock now represents a trading opportunity from the short side for amove back to $4.50.
Last week the stock broke through this support to the downside, and it looks like being the first month since 2002 that the stock will close below the $6.40support. This is a bearish signal.
AMC is currently operating in an unfavourable environment: - Higher Australian dollar will continue to hurt the bottom line - Cost pressures will continue as raw materials prices continue to rise, keeping margins down, particularly in the PET business - Oil prices at record highs - Restructuring continues
For the past 4 years AMC has been trading in a range between...
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 (20min delay)
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Last
$16.06 |
Change
0.040(0.25%) |
Mkt cap ! $9.951B | |||
| Open | High | Low | Value | Volume |
| $16.02 | $16.13 | $15.99 | $50.90M | 3.166M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 141 | $16.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.06 | 41955 | 3 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| AMC (ASX) Chart |
