Golar LNG Bullish Moving Average Crossover Alert (GLNG)
Golar LNG (NASDAQ:GLNG) shares have crossed bullishly above their 10-day moving average of $16.69 on a volume of 2.4 million 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 $18.55, 97% 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 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses golar lng