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Watch for Noble Energy Inc to Potentially Rebound After Falling 1.55% Yesterday

By Nick Russo

Noble Energy Inc (NYSE:NBL) traded in a range yesterday that spanned from a low of $19.90 to a high of $20.42. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $20.51 on volume of 1.8 million 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.

Over the past year, Noble Energy Inc has traded in a range of $17.11 to $28.40 and is now at $20.22, 18% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has remained constant.

Keywords: rebounders noble energy inc

Ticker(s): NBL