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After Yesterday's Rally of 2.12% Shares Could Potentially Pullback

By James Quinn

Cheniere Energy (NYSE:LNG) traded in a range yesterday that spanned from a low of $54.89 to a high of $56.80. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $55.11 on volume of 1.1 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 $56.80 and are now at $56.24, which is 68% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 1.3%.

SmarTrend recommended that subscribers consider buying shares of Cheniere Energy on December 15th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.88. Since that recommendation, shares of Cheniere Energy have risen 9.7%. We continue to monitor LNG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders cheniere energy

Ticker(s): LNG