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Golar Lng Ltd Bearish Moving Average Crossover Alert (GLNG)

By Shiri Gupta

Today, shares of Golar Lng Ltd (NASDAQ:GLNG) have fallen below their 10-day MA of $25.41 on a volume of 122K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Golar Lng Ltd has traded in a range of $14.32 to $35.54 and is now at $25.21, 76% above that low. The 200-day and 50-day moving averages have moved 0.11% higher and 1.15% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Golar Lng Ltd on May 31st, 2018 by issuing a Downtrend alert when the shares were trading at $27.55. Since that call, shares of Golar Lng Ltd have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses golar lng ltd

Ticker(s): GLNG