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

By Amy Schwartz

Today, shares of Golar LNG (NASDAQ:GLNG) have advanced above their 10-day MA of $21.73 on a volume of 1.1 million 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 132% above that low price at $21.85 per share. Over the past week, the 200-day moving average (MA) has gone down 2% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Golar LNG on May 31st, 2017 by issuing a Downtrend alert when the shares were trading at $23.86. Since that call, shares of Golar LNG have fallen 13.9%. 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