American Films Inc (OTCMKTS:AMFL) Stock Attempts To Rebound After The Big Fall

Despite having gone through a pretty tough time in recent days, the American Films Inc (OTCMKTS:AMFL) stock made a recovery on Monday and went up by 3%. However, at the same time, it is necessary for investors to keep in mind that the stock is still down by as much as 12% in the past week.

Market Stats

On Monday, AMFL stock increased 3% to $2.39 with more than 24.51k shares, compared to its average volume of 30K shares. The stock has moved within a range of $2.1600 – 2.3900 after opening trading at $2.34.

NFL Hall of Famer Marshall Faulk Named to American Films Board

Yesterday, the American Films stock came into sharp focus after it emerged that Marshall Faulk, the former running back at the National Football League (NFL), joined the company’s board of directors. It was a significant development for the company considering the fact that Faulk had won the Super Bowl during his playing days and had once been the most valuable player in the league as well.

American Films is involved in the intellectual property protection and Identity as a Service spaces and the latest induction into its board has possibly brought a lot of attention to the company. Despite the rally in the stock on Thursday, it will be interesting to see if the stock can actually manage to hold on to its momentum and manage to add to its gains today. Hence, it could be a good idea to put in your watch lists.

Traders Corner

AMFL stock is trading above the 20-Day and 50-Day Moving averages of $2.31 and $1.38 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.56.