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Uptrend Call Working As Golar LNG Stock Rises 25.7% (GLNG)

By Shiri Gupta

SmarTrend identified an Uptrend for Golar LNG (NASDAQ:GLNG) on August 8th, 2016 at $18.80. In approximately 2 months, Golar LNG has returned 25.67% as of today's recent price of $23.62.

In the past 52 weeks, Golar LNG share prices have been bracketed by a low of $9.42 and a high of $51.89 and are now at $23.62, 151% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2% while the 50-day MA has remained constant.

Golar LNG Ltd is a shipping company. The Company owns and operates a fleet of LNG (liquid natural gas) tankers, and several of the vessels are under long term charter contracts. The Company has also entered in to an agreement to build additional LNG tankers. Golar transports around the world.

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

Log in and add Golar LNG (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

Ticker(s): GLNG