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Stock Investors Bid Up Shares of Cheniere Energy, Up 1.5%

Published on Mon, 12/31/2012 - 11:24
By Mallory Stone

Cheniere Energy (AMEX:LNG) is one of today's biggest movers, up 1.5% to $18.53. The S&P is trading higher by 0.2% to 1,405 and the Dow is trading fractionally lower to 12,925.

Cheniere Energy, Inc., through subsidiaries, develops liquefied natural gas terminals, and explores for oil and natural gas. The Company explores for oil and gas in the Gulf of Mexico.

Potential upside of 18.7% exists for Cheniere Energy, based on a current level of $18.53 and analysts' average consensus price target of $22.00. The stock should find initial support at its 50-day moving average (MA) of $16.36 and further support at its 200-day MA of $15.40.

Over the past year, Cheniere Energy has traded in a range of $8.53 to $18.92 and is now at $18.53, 117% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.2%.

By Mallory Stone
mstone@fnno.com