LNG (Cheniere Energy Inc.) Dec.20 - Dec.30, 2013
This trade is now closed
Dec.30, 2013 12:50pm
During Friday's trading session, our stop loss order on LNG was triggered.
Our full position was closed at $44.00 for a profit of $2.40 per share or 5.77% in 6 days.
Dec.27, 2013 9:50am
Dec.20, 2013 10:51am
This is confirmation that LNG did trade above $41.57 this morning and is officially an Open Trade.
We are Long LNG at $41.60.
Dec.19, 2013 12:43am
LNG has been in a steady uptrend since early September, but recently experienced a sharp pull-back to it's 20 day simple moving average. Yesterday it closed above this recent downward trend channel and today it followed through with a very bullish long tail candlestick bar. This pattern almost always results in a move higher.
Today, we plan to go long (Buy) LNG if it trades above yesterday's high of $41.57. If our order is filled we will enter our initial Stop Loss order at $38.40.
A good alternative to buying the stock would be the March 49 Calls (last traded at $1.54) as this particular option series is undervalued.
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