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SmarTrend Watching for Potential Pullback in Shares of Noble Corp Plc After 1.87% Gain

By Shiri Gupta

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.

Noble Corp Plc share prices have moved between a 52-week high of $4.52 and a 52-week low of $0.99 and are now trading 10% above that low price at $1.09 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 4.2% while the 200-day MA has slid 2.1%.

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