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Cheniere Energy Bearish Moving Average Crossover Alert (LNG)

By Amy Schwartz

Today, shares of Cheniere Energy (AMEX:LNG) have crossed bearishly below their 10-day moving average of $58.03 on a volume of 189K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Cheniere Energy share prices have moved between a 52-week high of $60.22 and a 52-week low of $33.38 and are now trading 73% above that low price at $57.59 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Cheniere Energy on April 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.57. Since that recommendation, shares of Cheniere Energy have risen 4.7%. We continue to monitor LNG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:lng cheniere energy

Ticker(s): LNG