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Bullish Moving Average Cross by Cheniere Energy (LNG)

By James Quinn

Today, shares of Cheniere Energy (AMEX:LNG) have advanced above their 10-day MA of $66.11 on a volume of 187K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Cheniere Energy have traded between a low of $41.77 and a high of $69.50 and are now at $66.48, which is 59% above that low price. The 200-day and 50-day moving averages have moved 0.45% higher and 0.05% higher over the past week, respectively.

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