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Cheniere Energy Bullish Moving Average Crossover Alert (LNG)

By David Diaz

Cheniere Energy (NYSE:LNG) crossed over its 10-day moving average of $43.86 on a volume of 159K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Cheniere Energy share prices have moved between a 52-week high of $78.25 and a 52-week low of $22.80 and are now trading 93% above that low price at $43.97 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 1.3%.

SmarTrend recommended that subscribers consider buying shares of Cheniere Energy on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.44. Since that recommendation, shares of Cheniere Energy have risen 21.2%. 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