Long Position on GLOG @ $23.98 on 6/4/2014 (Momentum)

Upward Trading ChannelGasLog Ltd. (GLOG) owns, operates, and manages vessels in the liquefied natural gas (LNG) market worldwide.

The Company operates in two segments: vessel ownership and vessel management.

In the vessel ownership segment, the services provided primarily consist of chartering out company-owned LNG carriers, and in the vessel management segment the services provided consist of LNG carrier technical management services, as well as LNG carrier construction supervision services and other vessel management services provided to the Company’s vessel ownership segment and to external third parties.

It provides maritime services for the transportation of LNG and LNG vessel management services.

As of April 10, 2014, the company’s fleet consisted of 18 wholly-owned LNG carriers. It also had 9 LNG carriers operating under its technical management for third parties. 

Shares are heading higher in an upward trading channel. Higher share prices are expected for this stock.

52-Week Trading Range: $12.20 - $28.89

Entry Point: $23.98

Stop Loss: $22.75

Target Price: $26.38

Updates

6/16/2014 10:24:13 AM

Taking profts of GLOG after it reached our target price.

Position closed on 6/16/2014 at price of $26.39 with a 10.05% gain in 12 days.

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