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Bullish Moving Average Cross by Noble (NE)

By James Quinn

Noble (NYSE:NE) crossed over its 10-day moving average of $8.31 on a volume of 2.0 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Noble share prices have moved between a 52-week high of $18.08 and a 52-week low of $6.66 and are now trading 28% above that low price at $8.52 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Noble on May 11th, 2016 by issuing a Downtrend alert when the shares were trading at $9.30. Since that call, shares of Noble have fallen 12.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Noble

Ticker(s): NE