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...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AMC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$16.21 |
Change
-0.150(0.92%) |
Mkt cap ! $9.951B | |||
| Open | High | Low | Value | Volume |
| $16.07 | $16.22 | $16.01 | $55.36M | 3.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2283 | $16.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.21 | 18116 | 1 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| AMC (ASX) Chart |
