February 12, 2013 at 17:51 PM EST
Golar LNG Forms Cup-With-Handle Base, 41.56 Buy Point
Norway-based Golar LNG (GLNG), a leading transporter of liquefied natural gas, is investing in new ships amid expectations of rising global demand for the cheap, clean-burning fuel. Golar has rallied 11% this year, forming a cup-with-handle base with a 41.56 buy point. But investors should be wary, given the company's choppy earnings history and high debt burden. Golar says it's more than doubled its fleet of LNG carriers since 2001 to 13. It has
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