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Noble Corp Plc Set to Possibly Pullback After Yesterday's Rally of 1.87%

By James Quinn

Noble Corp Plc (NYSE:NE) traded in a range yesterday that spanned from a low of $1.07 to a high of $1.12. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $1.09 on volume of 341,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Noble Corp Plc share prices have been bracketed by a low of $0.99 and a high of $4.52 and are now at $1.09, 10% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.1% while the 50-day MA has declined 4.2%.

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

Keywords: rebounders noble corp plc

Ticker(s): NE