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Bullish Moving Average Cross by Noble Energy (NBL)

By Nick Russo

Noble Energy (NYSE:NBL) shares have crossed bullishly above their 10-day moving average of $36.35 on a volume of 440K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Noble Energy share prices have moved between a 52-week high of $52.69 and a 52-week low of $23.77 and are now trading 54% above that low price at $36.60 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Noble Energy on April 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.98. Since that recommendation, shares of Noble Energy have risen 9.7%. We continue to monitor NBL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Noble Energy

Ticker(s): NBL