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Cheniere Energy’s Shares Look Strong

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Dec. 4 2020, Updated 10:53 a.m. ET

Cheniere Energy’s moving averages

Cheniere Energy (LNG) went above its 50-day simple moving average due to the recent rally. Currently, it’s trading 3.4% above its 50-day simple moving average and 13.2% above its 200-day simple moving average. It might indicate bullish sentiment. When a stock’s price exceeds a particular moving average, it’s a bullish sign and vice versa. When a stock’s shorter moving average crosses over its longer moving average, it’s considered a “buy” signal for the stock.

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Cheniere Energy’s relative strength index

Currently, Cheniere Energy’s RSI (relative strength index) stands at 62.5. The RSI is a momentum indicator measured by values between 0 and 100. Movements below 30 are considered to be in the “oversold” zone, while movements of above 70 are considered to be in the “overbought” zone. Extreme RSI levels can hint at an imminent reversal in a stock’s price.

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