▲ 1
💬 1
u/TheRightEdger
REDDIT_SCRAPED
AMC rebounded on Friday with a bullish engulfing pattern after a stock offering of 95.25M shares at $2.10 caused weakness earlier in the week. The stock closed above key support levels (200-day SMA, $2.00 line) with notably low off-exchange volume, suggesting the selloff has stabilized and shorts weren't covering heavily.