• Return to Headlines

Cheniere Energy Bearish Moving Average Crossover Alert (LNG)

By Nick Russo

Today, shares of Cheniere Energy (NYSE:LNG) have fallen below their 10-day MA of $48.98 on a volume of 296K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Cheniere Energy share prices have been bracketed by a low of $22.80 and a high of $78.25 and are now at $48.64, 113% above that low price. 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 3rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.39. Since that recommendation, shares of Cheniere Energy have risen 4.3%. We continue to monitor LNG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cheniere energy

Ticker(s): LNG