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After Yesterday's Rally of 2.05% Shares Could Potentially Pullback

By Amy Schwartz

Cheniere Energy (AMEX:LNG) traded in a range yesterday that spanned from a low of $58.77 to a high of $60.14. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $59.12 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Cheniere Energy have traded between a low of $33.38 and a high of $60.22 and are now at $59.93, which is 80% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Cheniere Energy on April 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.57. Since that recommendation, shares of Cheniere Energy have risen 5.7%. We continue to monitor LNG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders amex:lng cheniere energy

Ticker(s): LNG