AMC Networks has still an uptrend and is going toward its highest level.

The company shows strong fundamentals. Firstly, the relatively high valuation of the group shows a great investors confidence in it because there are willing to pay a high price for the stock. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

Technically, the security is in an uptrend on all time scales and has another time failed to cross its short term resistance. The bullish trend will not be stopped until prices are above the USD 65.1 short term support but they are likely to come back on this level to find a new impetus. This level should allow the stock to cross its USD 67.7 resistance in order to reach USD 70

Thanks to these good indicators, it seems relevant to take a long position in AMC Networks at USD 65.1. After the breakout of the USD 67.7 resistance, the target will be USD 70, crossing point of a bullish trend line. A stop loss will be fixed under the USD 63 pivot point because a breakdown of this level would damage technical pattern.