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Will Cheniere Energy Stock Continue to Soar?

Will Cheniere Energy Stock Continue to Soar?

Cheniere Energy (LNG) displayed a steep rally this year and notably outperformed its peers. Currently, Cheniere Energy is trading at $64.77, which is almost 2% and 9% above its 50-day and 200-day moving average levels. The fair premium to both of the support levels indicates strength in the stock. The moving average levels around $63.77 and $59.39 are expected to act as a support for Cheniere Energy stock in the near future.