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AMC Networks(AMCX) is engaged in producing programmes and movie content. The stock is trading up 2% at $42.49 in recent trading.
Today's Volume: 667,000
Average Volume: 378,056
Volume % Change: 212%
Shares of AMCX are rising modestly today after the stock received a boost to average from below average at Caris & Company. The firm also raised its price target to $40 from $39.
From a technical perspective, AMCX is trending a bit higher today on heavy volume. This move is pushing AMCX within range of its 50-day
moving average of $44.04.
Traders should only consider long biased trades once AMCX takes out its 50-day with high-volume. Look for a move and close above $44.04 with volume that's near or well above 378,056 to signal that AMCX wants to trend higher. If we get that action soon, look for AMCX to make a run at $45.47 to $46.69 in the near future.
AMC Networks shows up on a list of
8 Stocks John Paulson Loves.