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

By David Diaz

Cheniere Energy (AMEX:LNG) shares have crossed bullishly above their 10-day moving average of $64.78 on a volume of 137K shares. Swing traders may find an opportunity 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 $43.83 and a high of $71.03 and are now at $64.96, 48% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

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