United States Natural Gas Fund LP Crosses Above its 10-day MA (UNG)
United States Natural Gas Fund LP (NYSE:UNG) shares have crossed bullishly above their 10-day moving average of $18.32 on a volume of 1.5 million shares. This may provide swing traders with 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 $24.09 and are now at $18.53, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in United States Natural Gas Fund LP. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of United States Natural Gas Fund LP in search of a potential trend change.
Keywords: moving crosses united states natural gas fund lp