Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

LNG - Stock To Watch

|Includes:Cheniere Energy, Inc (LNG)

LNG made a nice break out last week.

The stock broke the $17 resistance and went higher, and then it retraced to $17 today but failed to break below it.

The $17 formal resistance now becomes a support.

As long as the stock trade above this price, it is a nice stock to hold.

However, if the LNG break below $17, then it is time to sell the stock and cut your loss or take profit.

$18.29 is now the resistance for this stock, if the stock trade above this price with good volume, it is time to load up more shares of this stock.

$18.29 is a 3 year high for LNG.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: LNG