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United States Natural Gas Fund LP Crosses Above its 10-day MA (UNG)

Written on Thu, 12/20/2012 - 12:38pm
By Nick Russo

Today, shares of United States Natural Gas Fund LP (NYSE:UNG) have advanced above their 10-day MA of $19.36 on a volume of 3.9 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

United States Natural Gas Fund LP share prices have moved between a 52-week high of $28.08 and a 52-week low of $14.25 and are now trading 37% above that low price at $19.56 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of United States Natural Gas Fund LP on December 4th, 2012 by issuing a Downtrend alert when the shares were trading at $20.33. Since that call, shares of United States Natural Gas Fund LP have fallen 6.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses united states natural gas fund lp

Ticker(s): UNG

Contact Nick Russo



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