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Golar LNG Bearish Moving Average Crossover Alert (GLNG)

By Nick Russo

Today, shares of Golar LNG (NASDAQ:GLNG) have crossed bearishly below their 10-day moving average of $16.26 on a volume of 290K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Golar LNG has traded in a range of $9.42 to $51.89 and is now at $16.01, 70% above that low. Over the past week, the 200-day moving average (MA) has gone down 2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Golar LNG and will alert subscribers who have GLNG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses golar lng

Ticker(s): GLNG