Noble Energy (NBL) Offering Possible 6.38% Return Over the Next 38 Calendar Days

Noble Energy's most recent trend suggests a bullish bias. One trading opportunity on Noble Energy is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 6.38% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $60.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Noble Energy is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Noble Energy is bullish.

The RSI indicator is at 43.1 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Noble Energy

Noble Energy Gets Exploration License in Offshore Gabon
Tue, 12 Aug 2014 19:45:02 GMT

Noble Energy Announces New Exploration License Offshore Gabon
Mon, 11 Aug 2014 12:47:00 GMT
PR Newswire – HOUSTON, Aug. 11, 2014 /PRNewswire/ — Noble Energy, Inc. (NYSE: NBL) announced today that it has signed a Production Sharing Contract (PSC) with the Government of Gabon covering Block F15 in the Gabon Coastal Basin. Under the terms of the PSC, Noble Energy will be the Operator with a 60 percent working interest. Noble Energy's partner on Block F15 is Woodside Petroleum Ltd., who will have the remaining 40 percent working interest. Block F15 is located approximately 140 kilometers (87 miles) off the coast of Gabon and covers over 2,700 square kilometers (670,000 gross acres).

Gabon signs offshore oil contracts with six companies
Fri, 08 Aug 2014 14:46:06 GMT
Other – Gabon's oil ministry said on Friday it had signed seven oil contracts with six companies as part of an offshore licensing round expected to attract at least $1.1 billion in investment to the sector. The …

Activists Drop Colorado Fracking Curbs in Energy Deal
Wed, 06 Aug 2014 04:01:00 GMT

Noble Energy (NBL) in Focus: Stock Adds 5.2% in Session
Tue, 05 Aug 2014 11:03:26 GMT

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