• 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 $60.90 on a volume of 333K 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.

In the past 52 weeks, Cheniere Energy share prices have been bracketed by a low of $55.09 and a high of $71.03 and are now at $61.56, 12% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cheniere Energy on July 30th, 2019 by issuing a Downtrend alert when the shares were trading at $65.04. Since that call, shares of Cheniere Energy have fallen 7.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses amex:lng cheniere energy

Ticker(s): LNG