AMC Tendies Still in Play
AMC has earnings out on August 5th and the stock could be holding support at the previous highs of 2015-16. That would be a key level if it holds in July and the tendies are still in an uptrend.
Target price is $100 technically but it could do a GME if the earnings capture attention. Some see the stock valued at $73 next year based on financial merits and not "memes".
A move above $40 would be helpful for the technical setup but $37 hold is key.
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July 22, 2021 at 03:52PM