• Return to Headlines

Watch for Continued Losses in Shares of Noble Corp Plc (NE)

By Nick Russo

Noble Corp Plc (NYSE:NE) traded today at a new 52-week low of $1.29. So far today approximately 1.3 million shares have been exchanged, as compared to an average 30-day volume of 5.5 million shares.

In the past 52 weeks, Noble Corp Plc share prices have been bracketed by a current low of $1.29 and a high of $7.44 and are now at $1.29. The 200-day and 50-day moving averages have moved 2.43% lower and 1.88% lower over the past week, respectively.

Noble Corporation PLC provides diversified services for the oil and gas industry. The Company provides contract drilling services with its fleet of offshore drilling units located in markets worldwide. Noble also provides labor contract drilling services, well site and project management services, and engineering services.

Noble Corp Plc has overhead space with shares priced $1.29, or 72.0% below the average consensus analyst price target of $4.62. The stock should find initial resistance at its 50-day moving average (MA) of $1.83 and further resistance at its 200-day MA of $2.91.

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

Keywords: 52 week high/lows noble corp plc

Ticker(s): NE