Wednesday, July 2, 2014

New Buy: LNG

LNG is a very interesting company.  It is actually going to be exporting natural gas. I believe it is the only U.S. Company that has a permit to export Natural gas. I've recently read a great book that documented LNG's rials and tribulations.  That being said, my reason for entry is the consolidation on the chart along with additional long term contracts.

LNG has consolidated for a month.  I bought on the breakout $72.46.  I'm not crazy about my entry as I don't typically like buying breakouts.  I'm somewhat comforted by the strength of the past breakout. Stop @ $66.60, which is right below where the breakout started.


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