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Bullish Moving Average Cross by Cheniere Energy (LNG)

By Shiri Gupta

Today, shares of Cheniere Energy (AMEX:LNG) have crossed bullishly above their 10-day moving average of $61.93 on a volume of 179K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Cheniere Energy share prices have been bracketed by a low of $55.09 and a high of $70.60 and are now at $63.10, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Cheniere Energy and will alert subscribers who have LNG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:lng cheniere energy

Ticker(s): LNG