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Look for Shares of Noble Energy Inc to Potentially Rebound after Yesterday's 1.17% Sell Off

By David Diaz

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.

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.

In the past 52 weeks, shares of Noble Energy Inc have traded between a low of $17.11 and a high of $28.96 and are now at $20.20, which is 18% above that low price. The 200-day and 50-day moving averages have moved 0.09% lower and 0.24% lower over the past week, respectively.

Keywords: rebounders noble energy inc

Ticker(s): NBL