Wednesday, December 8, 2010

LNG Cheniere Energy (AMEX) North America Liquid Natural Gas Gateway

It sure looks like Natural Gas might be staging a great comeback. LNG – Cheniere Energy (AMEX) is my most recent portfolio addition. In my latest Silver price update I mentioned that I was getting more bullish on Natural Gas. So today’s buy really shouldn’t come as a surprise. If you look at the stocks listed in my Nat Gas sector overview chart LNG – Cheniere Energy clearly stands out. It is the strongest looking chart of all:

The recent thrusting move on the daily chart is nothing short of impressive. That’s both price wise and volume wise. The stock is now in the process of building a very bullish flag testing long-term support. (more)

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