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Downtrend Call Working As Golar Lng Ltd Stock Falls 21.1% (GLNG)

By Shiri Gupta

SmarTrend identified a Downtrend for Golar Lng Ltd (NASDAQ:GLNG) on August 2nd, 2019 at $16.01. In approximately 1 month, Golar Lng Ltd has returned 21.11% as of today's recent price of $12.63.

In the past 52 weeks, shares of Golar Lng Ltd have traded between a low of $11.07 and a high of $30.29 and are now at $12.62, which is 14% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 2.7%.

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects. As of December 31, 2018, Golar LNG Limited, together with Golar LNG Partners LP and Golar Power Limited, owned and operated a fleet of 18 LNG carriers, 8 FSRUs, and 1 FLNG. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.

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