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United States Natural Gas Fund LP Bullish Moving Average Crossover Alert (UNG)

By Nick Russo

Today, shares of United States Natural Gas Fund LP (NYSE:UNG) have advanced above their 10-day MA of $8.06 on a volume of 2.4 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of United States Natural Gas Fund LP have traded between a low of $5.78 and a high of $15.28 and are now at $8.22, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of United States Natural Gas Fund LP on April 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.97. Since that recommendation, shares of United States Natural Gas Fund LP have risen 13.8%. We continue to monitor UNG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses united states natural gas fund lp

Ticker(s): UNG