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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Still Looking for it to Break Bad

chessNwine Thu Aug 22, 2013 8:45am EST 4 Comments

Here is an update to this post, in which I discussed Breaking Bad and the stock for its network: AMCX.

AMC Networks is a short idea here, as the extended stock is now showing signs of age. I suppose there is buyout risk, but as you can see on the daily chart I would be stalking any further weakness looking for a move down to the 200-day moving average (yellow line). Stop above $66.

Also see the infographic after the chart.

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AMCX

 

Beutler_Breaking_Bad2

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4 comments

  1. lol
    lol
    August 22, 2013 at 9:11 am

    You got me hooked on this show. I Netflixed them all
    I missed the most recent episode buried. But I got it DVR’d.

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    • chessNwine
      chessNwine
      August 22, 2013 at 9:13 am

      Excellent. Great to hear. Also check out Magic City if you missed it. The show is very good even though it got cancelled on Starz. And I consider Justified to be the second best show on TV right now behind Breaking Bad. (The Americans is also great).

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  2. sodapopinski
    sodapopinski
    August 22, 2013 at 11:02 am

    Magic City is awesome

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