Noble Energy: The Trend Continues Lower (NBL)
Thursday, February 25, 2010 - 13:24
Written on Thu, 02/25/2010 - 1:24pm
By Chip Brian

SmarTrend identified a Downtrend for Noble Energy (NYSE:NBL) on February 05, 2010 at $72.03. In approximately 3 weeks, Noble Energy has returned 3.4% as of today's recent price of $69.57.
Noble Energy is currently below its 50-day moving average of $74.08 and should find support at its 200-day moving average of $65.79. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Noble Energy.

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