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Bearish Moving Average Cross by Noble Energy Inc (NBL)

By David Diaz

Noble Energy Inc (NYSE:NBL) crossed under its 10-day moving average of $21.70 on a volume of 1.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Noble Energy Inc has traded in a range of $17.11 to $32.73 and is now at $21.37, 25% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Noble Energy Inc and will alert subscribers who have NBL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses noble energy inc

Ticker(s): NBL