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Golar LNG Bullish Moving Average Crossover Alert (GLNG)

By Nick Russo

Today, shares of Golar LNG (NASDAQ:GLNG) have advanced above their 10-day MA of $15.76 on a volume of 463K 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, Golar LNG share prices have been bracketed by a low of $9.42 and a high of $51.89 and are now at $16.04, 70% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Golar LNG on April 29th, 2016 by issuing a Downtrend alert when the shares were trading at $16.93. Since that call, shares of Golar LNG have fallen 10.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses golar lng

Ticker(s): GLNG