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Noble Energy Bullish Moving Average Crossover Alert (NBL)

By Amy Schwartz

Noble Energy (NYSE:NBL) crossed over its 10-day moving average of $31.40 on a volume of 943K 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.

Over the past year, Noble Energy has traded in a range of $23.77 to $52.69 and is now at $31.67, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Noble Energy on January 9th, 2017 by issuing a Downtrend alert when the shares were trading at $37.57. Since that call, shares of Noble Energy have fallen 16.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Noble Energy

Ticker(s): NBL