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Noble Energy Inc Bearish Moving Average Crossover Alert (NBL)

By James Quinn

Today, shares of Noble Energy Inc (NYSE:NBL) have crossed bearishly below their 10-day moving average of $24.24 on a volume of 195K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Noble Energy Inc have traded between a low of $17.11 and a high of $37.76 and are now at $24.10, which is 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.9%.

SmarTrend is monitoring the recent change of momentum in Noble Energy Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Noble Energy Inc in search of a potential trend change.

Keywords: moving crosses noble energy inc

Ticker(s): NBL