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Noble Bullish Moving Average Crossover Alert (NE)

By David Diaz

Noble (NYSE:NE) shares have crossed bullishly above their 10-day moving average of $9.14 on a volume of 3.1 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.

In the past 52 weeks, shares of Noble have traded between a low of $6.66 and a high of $18.08 and are now at $9.32, which is 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 2.0%.

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 4.5%. 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