As we research for the Trifecta Stocks portfolio we
look at hundreds of stocks. While only a few meet our
for addition to the portfolio, we come across many
opportunities in a host of names.
In response to subscribers' requests, we will also be
sharing a Chart of the Week. While these stocks may not be
in the Trifecta
portfolio, we hope this technical analysis will provide
you with more value.
But we are not recommending any investor action.
AMC Entertainment (AMC:NYSE) is one of the oldest movie
theater chains in the country. Taken public again just a
few years ago, AMC’s portfolio of theaters has benefited
from a stronger dollar, higher employment rates and
outstanding new movies.
No wonder the movie industry just passed its previously
set record for revenue. Even with movies streaming live
from Netflix (NFLX: Nasdaq) and HBO, there is nothing like
munching on popcorn and relaxing in a movie theater for a
couple of hours.
Click here for
a larger chart
AMC has been a standout this year, making it our chart of
the week. Its relative strength is solid, and the last
couple of weeks saw the stock bounce off the 200-day
Moving Average, rising about 10% as it makes its way back
up to old highs.
The turnover has been positive and the %R shows a nice
bull re-test at a much safer area for interested options
traders to jump in. We like this stock for its upside
potential, but we are not ready to make our move yet. See
more analysis on AMC in this
DISCLOSURE: Trifecta Stocks has no position in AMC. This
Alert is a technical analysis of the company’s chart, and
we are not
taking any action in the stock at this time.
The FL chart shows very good relative strength and higher volume trends.
Herbalife shows impressive relative strength, and the %R just gave a buy signal on a bull retest last week.
We're keeping money on the sidelines while we watch the Greek drama unfold.
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Want more than one service? Sign up to one of our packaged services and take advantage of amazing savings!
Tweet to @aztecs99 or @bryan_ashenberg
After the Bell
Before the Bell
Jim Cramer's Daily Booyah
Winners & Losers