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Noble Energy (NBL) Approaches New Downside Target of $33.35

By James Quinn

Shares of Noble Energy (NYSE:NBL) opened today below their pivot of $33.94 and have already reached the first level of support at $33.60. Analysts will be watching for a cross of the next downside pivot targets of $33.35 and $32.76.

Potential upside of 0.0% exists for Noble Energy, based on a current level of $0.00 and analysts' average consensus price target of $47.28. The stock should run into initial resistance at its 50-day moving average (MA) of $32.85 and subsequent resistance at its 200-day MA of $33.01.

In the past 52 weeks, Noble Energy share prices have been bracketed by a current low of $0.00 and a high of $52.69 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Noble Energy on January 9th, 2017 by issuing a Downtrend alert when the shares were trading at $37.57. Since that call, shares of Noble Energy have fallen 9.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts Noble Energy

Ticker(s): NBL