Shares of AMC have opened over 1% higher at $13.90 as the stock continues to recover from the May 4th spike low near $13.10.
The technical picture improved last week with internal momentum indicators now pointing higher on the daily price charts.
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We see the $13.70 level as good support with an upside target in the $14.40 to $14.50 area.
AMC has been in our ASX Top 50 portfolio since July of last year, and is a good candidate for a Buy/Write strategy into the 30 cent dividend on September 4th. 
Amcor
