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

By Shiri Gupta

United States Natural Gas Fund LP (NYSE:UNG) shares have crossed bullishly above their 10-day moving average of $25.40 on a volume of 5.9 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of United States Natural Gas Fund LP have traded between a low of $16.60 and a high of $27.89 and are now at $26.08, which is 57% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.5%.

SmarTrend is tracking the current trend status for United States Natural Gas Fund LP and will alert subscribers who have UNG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses united states natural gas fund lp

Ticker(s): UNG