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Noble Corp Plc Bullish Moving Average Crossover Alert (NE)

By David Diaz

Noble Corp Plc (NYSE:NE) shares have crossed bullishly above their 10-day moving average of $5.47 on a volume of 2.4 million 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.

In the past 52 weeks, shares of Noble Corp Plc have traded between a low of $3.14 and a high of $6.33 and are now at $5.66, which is 80% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.3% while the 200-day MA has risen 0.9%.

SmarTrend recommended that subscribers consider buying shares of Noble Corp Plc on April 11th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.10. Since that recommendation, shares of Noble Corp Plc have risen 27.1%. We continue to monitor NE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses noble corp plc

Ticker(s): NE