Tuesday, January 26, 2021

Chart of the Day - AMC Networks


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Barchart.com's Chart of the Day - AMC Networks
January 26, 2021: Published by Barchart.com

The Barchart Chart of the Day belongs to the cable content company AMC Networks (NASDAQ:AMCX).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 11/10 the stock gained 127.79% .  

AMC Networks Inc. owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats. This segment distributes its networks in the United States through cable and other multichannel video programming distribution platforms, such as direct broadcast satellite and platforms operated by telecommunications providers. The International and Other segment delivers entertaining and acclaimed programming services for subscribers in approximately 125 countries and territories. This segment also operates in independent film distribution business that distributes films across various media platforms, including theaters, cable/satellite video on demand, cable network television, streaming/downloading to internet-connected screens, and DVDs. It also provides subscription streaming and talent management services. The company was founded in 1980 and is headquartered in New York, New York.

AMCX

 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 134.78+ Weighted Alpha
  • 56.10% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 81.35% in the last month
  • Relative Strength Index 91.38%
  • Technical support level at 50.38
  • Recently traded at 59.95 with a 50 day moving average of 35.45

Fundamental factors:

  • Market Cap $ 2.24 billion
  • P/E 7.19
  • Revenue expected to grow 3.70% next year
  • Earnings estimated to increase 32.90% next year
  • Wall Street analysts issued 2 strong buy, 5 buy, 10 hold and 2 under perform recommendations on the stock
  • The individual investors following the stock on Motley Fool voted 113 to 7 that the stock will beat the Market
  • 5,5100 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

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Copyright © 2018, All rights reserved. The information contained herein is derived from public sources believed to be reliable but is not guaranteed as to its accuracy or completeness. No responsibility is assumed for the use of this material and no express or implied warranties nor guarantees are made. Nothing contained herein should be construed as an offer to buy or sell, or as a solicitation to buy or sell, any securities or derivative instruments.
 

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