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Shares of TGP Up 29.7% Since Uptrend Call on Shares

By Shiri Gupta

SmarTrend identified an Uptrend for Teekay LNG Partners (NYSE:TGP) on August 8th, 2016 at $12.11. In approximately 2 months, Teekay LNG Partners has returned 29.70% as of today's recent price of $15.70.

Over the past year, Teekay LNG Partners has traded in a range of $7.92 to $40.50 and is now at $15.70, 98% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.8% while the 50-day MA has advanced 2.0%.

Teekay LNG Partners LP transports liquified natural gas, compressed natural gas, and crude oil via its carriers and oil tankers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Teekay LNG Partners shares.

Log in and add Teekay LNG Partners (TGP) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights teekay lng partners

Ticker(s): TGP