Sunday, May 19, 2024

AMC Networks Stock Flashes Improved Price Strength

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AMC Networks (AMCX) stock saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 61 to 79.


IBD’s proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the market’s biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if AMC Networks stock can continue to rebound and hit that benchmark.

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Is AMC Networks Stock A Buy?

AMC Networks stock recently reclaimed its 200-day average, but is not currently showing a potential entry point. See if the media stock goes on to form a sound pattern that could spark a new run.

Although earnings and sales growth came in at -56% and -17%, respectively, in the latest report, that marked acceleration for both earnings-per-share and sales.

AMC Networks stock holds the No. 4 rank among its peers in the Media-Radio/TV industry group. Nexstar Media Cl A (NXST) is the top-ranked stock within the group.


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