AMC into Earnings!
Although this is not an earnings play we need this catalyst to help this near perfect technical set up! Q2 they beat revs (closed partial QTR), last QTR need is 719mil. They did 300Mil in just 2 weeks with some movie releases says CEO Adam Aron. popcorn business not sure if if that will be that much sales compared to this mega chain but its will not hurt. The technical set up is breaking out of ascending triangle today, The MACD is now positive and the stochastics is crossing. My guess it break and test the all time high, gets over $60 in the next 2 weeks and possible $90-100. (As long as Q4 guidance is not negative) from this call today! Good Luck!
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