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Noble Energy Crosses Above its 10-day MA (NBL)

By James Quinn

Noble Energy (NYSE:NBL) shares have crossed bullishly above their 10-day moving average of $35.70 on a volume of 1.0 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.

Over the past year, Noble Energy has traded in a range of $23.77 to $52.69 and is now at $36.56, 54% above that low. The 200-day and 50-day moving averages have moved 0.12% lower and 1.31% higher over the past week, respectively.

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 7.1%. 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