Can AMC Entertainment Stock Rally to $20? Check the Chart.

AMC Entertainment  (AMC) – Get AMC Entertainment Holdings, Inc. Class A Report leaped out of the gate on May 31, the first trading day of a holiday-shortened week.

The shares moved up as much as 11% to start the week, then eased to 4.6% at last check. 

The initial rally came after a record Memorial Day box office result for ‘Top Gun: Maverick.’

AMC said that domestically and internationally more than 5 million customers came through the doors this weekend. Two-thirds of those visitors came for the new “Top Gun” film.

Source: https://www.thestreet.com/investing/trading-amc-stock-top-gun-film-technical-analysis-may-2022?puc=yahoo&cm_ven=YAHOO&yptr=yahoo