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Downtrend Call Working As Golar Lng Ltd Stock Falls 20.9% (GLNG)

By Shiri Gupta

SmarTrend identified a Downtrend for Golar Lng Ltd (NASDAQ:GLNG) on November 20th, 2018 at $24.51. In approximately 6 months, Golar Lng Ltd has returned 20.91% as of today's recent price of $19.38.

Golar Lng Ltd share prices have moved between a 52-week high of $35.54 and a 52-week low of $18.36 and are now trading 6% above that low price at $19.38 per share. The 200-day and 50-day moving averages have moved 0.62% lower and 0.84% lower over the past week, respectively.

Golar LNG Limited is an independent owner and operator of liquefied natural gas (LNG) infrastructure, including carriers, floating storage and regasification units (FSRUs), and floating liquefaction (FLNG) vessels. Collectively these assets make Golar an integrated midstream LNG services provider supporting resource holders, gas producers, and consumers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Golar Lng Ltd.

Log in and add Golar Lng Ltd (GLNG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights golar lng ltd

Ticker(s): GLNG