2024-05-07 02:50:13 ET
Summary
- The UP World LNG Shipping Index (UPI) lost 1.24% last week, while the S&P 500 index gained 0.55%.
- The UPI underwent a rebalance with no changes in constituents, but weights were adjusted.
- Dynagas LNG Partners and Awilco LNG saw double-digit rises, while other companies showed resilience and formed a hammer TA pattern.
The UP World LNG Shipping Index (UPI) lost 1.92 points or 1.24% last week, reaching a closing value of 152.38 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 ( SPX ) index, representing US stocks, gained 0.55%. The image below displays both indices....
Read the full article on Seeking Alpha
For further details see:
LNG Shipping Stocks: Preparation For A Bullish Move