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After Yesterday's Decline of 1.17%, Noble Energy Inc Offers Investors Better Value

By James Quinn

Noble Energy Inc (NYSE:NBL) traded in a range yesterday that spanned from a low of $20.09 to a high of $20.38. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $20.22 on volume of 168,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Noble Energy Inc has traded in a range of $17.11 to $28.96 and is now at $20.20, 18% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is tracking the current trend status for Noble Energy Inc and will alert subscribers who have NBL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders noble energy inc

Ticker(s): NBL