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Cheniere Energy Bullish Moving Average Crossover Alert (LNG)

By James Quinn

Today, shares of Cheniere Energy (NYSE:LNG) have crossed bullishly above their 10-day moving average of $48.01 on a volume of 305K 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.

Over the past year, Cheniere Energy has traded in a range of $33.38 to $51.41 and is now at $48.29, 45% above that low. 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 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 cheniere energy

Ticker(s): LNG