• Return to Headlines

Cheniere Energy Crosses Above its 10-day MA (LNG)

By Nick Russo

Today, shares of Cheniere Energy (AMEX:LNG) have crossed bullishly above their 10-day moving average of $63.02 on a volume of 413K 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.

Cheniere Energy share prices have moved between a 52-week high of $69.50 and a 52-week low of $40.36 and are now trading 56% above that low price at $63.16 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.5%.

SmarTrend is monitoring the recent change of momentum in Cheniere Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cheniere Energy in search of a potential trend change.

Keywords: moving crosses amex:lng cheniere energy

Ticker(s): LNG