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

By Amy Schwartz

Golar LNG (NASDAQ:GLNG) shares have crossed bullishly above their 10-day moving average of $26.04 on a volume of 243K shares. Swing traders may find 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 182% above that low price at $26.57 per share. Over the last five market days, the 200-day moving average (MA) has gone down 2% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Golar LNG. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Golar LNG in search of a potential trend change.

Keywords: moving crosses golar lng

Ticker(s): GLNG