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Flex LNG Ltd Shares Surge Above Key Moving Average

In a recent report, shares of Flex LNG Ltd (FLNG) exceeded their 200-day moving average, signaling positive momentum. Currently, they are trading up 1.4% as investors show confidence in the stock's performance.

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AI Rating:   7

The report highlights that Flex LNG Ltd (FLNG) shares crossed above their 200-day moving average of $26.29, now trading at $26.45. This movement indicates bullish sentiment among investors, suggesting potential upward momentum for the stock.

Additionally, the report notes the 52-week trading range for FLNG, with a low of $22.795 and a high of $31.7799. This range provides context for the stock's current price, which, while below the 52-week high, is above the moving average, a positive sign for investors looking at recovery trends.