This company owns and operates several of cable TV brands delivering content to audiences and a valuable platform to distributors and advertisers. This stock is trading up 2% at $37.85 in recent trading.Today's Volume: 565,000 Average Volume: 441,000 Volume % Change: 64% From a technical perspective, AMCX is bouncing off of some near-term support at $36.61 here on above average volume. This stock is also rebounding off of oversold conditions, since its current relative strength index reading is 36.18. Traders should now look for long-biased trades if AMCX can manage to move back above its 200-day moving average of $38.68, and then above some near-term overhead resistance at $39.57 to $40 with high-volume. Look for a sustained move or close above those levels with volume that's near or above 441,000 shares. If we get that action soon, then AMCX could re-test its 50-day moving average of $41.89. On the flipside, I would avoid this stock or look for short-biased trades if it moves back below $36.61 with heavy volume.
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