Cheniere Energy Inc (LNG)

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Buyers Accumulating Shares of Cheniere Energy on 1.4x Above-Average Volume (LNG)
Published on Wed, 02/25/2015 - 14:24

The price of Cheniere Energy shares has climbed to $81.24 (a 6.6% change) on heavy trading volume. Approximately 3.9 million shares have changed hands today vs. average 30-day volume of 2.8 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

In the past 52 weeks, Cheniere Energy share prices have been bracketed by a low of $48.45 and a high of $85.00 and are now at $81.24, 68% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.4%.

Cheniere Energy has overhead space with shares priced $81.24, or 7.5% below the average consensus analyst price target of $87.86. Cheniere Energy shares have support at the 200-day moving average (MA) of $71.49 and additional support at the 50-day MA of $71.27.