Cheniere Energy Crosses Above its 10-day MA (LNG)

Published on Thu, 03/26/2015 - 11:38
By Peter Chu in Moving average crossovers, LNG, cheniere energy, moving crosses, nyse:lng

Today, shares of Cheniere Energy (NYSE:LNG) have advanced above their 10-day MA of $77.73 on a volume of 1.2 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

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.

Cheniere Energy has overhead space with shares priced $78.53, or 10.6% below the average consensus analyst price target of $87.86. Cheniere Energy shares have support at the 50-day moving average (MA) of $75.16 and additional support at the 200-day MA of $73.26.

Cheniere Energy share prices have moved between a 52-week high of $85.00 and a 52-week low of $50.91 and are now trading 54% above that low price at $78.53 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

By Peter Chu
pchu@fnno.com

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