Tag: AMC Entertainment
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Why AMC is Long Overdue for a Crash
Keep an eye on AMC Entertainment (AMC), as a potential short. After exploding as a meme stock, it’s become excessively overbought. If you pull up a two-year chart of AMC, it’s clear to see. Not only is it over-extended at its upper Bollinger Band (2,20), it’s wildly overbought on RSI, MACD, and Williams’ %R. When…