• Return to Headlines

Look for Shares of Golar Lng Ltd to Potentially Rebound after Yesterday's 1.85% Sell Off

By Nick Russo

Golar Lng Ltd (NASDAQ:GLNG) traded in a range yesterday that spanned from a low of $19.94 to a high of $20.74. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $20.49 on volume of 459,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Golar Lng Ltd. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Golar Lng Ltd in search of a potential trend change.

In the past 52 weeks, shares of Golar Lng Ltd have traded between a low of $14.32 and a high of $29.18 and are now at $20.20, which is 41% above that low price. The 200-day and 50-day moving averages have moved 2.02% lower and 0.01% higher over the past week, respectively.

Keywords: rebounders golar lng ltd

Ticker(s): GLNG