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Golar LNG Crosses Above its 10-day MA (GLNG)

By David Diaz

Golar LNG (NASDAQ:GLNG) crossed over its 10-day moving average of $20.38 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Golar LNG share prices have moved between a 52-week high of $51.89 and a 52-week low of $9.42 and are now trading 123% above that low price at $20.97 per share. The 200-day and 50-day moving averages have moved 2.02% lower and 0.01% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Golar LNG on August 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.80. Since that recommendation, shares of Golar LNG have risen 7.7%. We continue to monitor GLNG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses golar lng

Ticker(s): GLNG