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

Latest News from FNNO

Watch for Continued Losses in Shares of ...

Quiksilver (NYSE:ZQK) traded at a new 52-week low today of $1.39. Approximately 1.4 mi ...

Shares of YRC Worldwide Fall Below Previ...

YRC Worldwide (NASDAQ:YRCW) traded at a new 52-week low today of $13.70. This new low ...

Recent 52-Week Low Surpassed in Shares o...

Wynn Resorts (NASDAQ:WYNN) traded today at a new 52-week low of $102.92. So far today ...

Recent 52-Week High Exceeded in Shares o...

Universal Health Services (NYSE:UHS) traded today at a new 52-week high of $131.59. So ...

Shares of Techne Rise Above Previous 52-...

Techne (NASDAQ:TECH) traded at a new 52-week high today of $103.56. So far today appro ...

Skyworks Solutions Looks to Continue to ...

Skyworks Solutions (NASDAQ:SWKS) traded today at a new 52-week high of $106.97. This n ...

Shares of The Inventure Group Fall Below...

Shares of The Inventure Group (NASDAQ:SNAK) traded today at $8.51, breaking its 52-week ...

Watch for Continued Gains in Shares of O...

Shares of Orbotech (NASDAQ:ORBK) traded at a new 52-week high today of $20.41. So far ...