Noble Corporation Offering Possible 9.41% Return Over the Next 23 Calendar Days

Noble Corporation's most recent trend suggests a bearish bias. One trading opportunity on Noble Corporation is a Bear Call Spread using a strike $32.00 short call and a strike $37.00 long call offers a potential 9.41% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $32.00 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock rose above the $37.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Noble Corporation is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Noble Corporation is bearish.

The RSI indicator is at 21.59 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Noble Corporation

8:46 am Noble Corp increases quarterly dividend by 50% to $0.375 per share from $0.25 per share
Thu, 30 Jan 2014 20:57:36 GMT

Noble Corp: What Investors Are Missing
Thu, 30 Jan 2014 15:56:19 GMT
Motley Fool – Investors are missing the long-term potential in the offshore drilling market by focusing on the pause in contract activity mentioned by Noble.

Noble Corporation Announces 50 Percent Increase In Dividend And Sets Schedule For Dividend Payment
Thu, 30 Jan 2014 13:47:42 GMT
noodls – LONDON, Jan. 30, 2014 /PRNewswire/ — Noble Corporation (NYSE:NE) today announced its Board of Directors has approved an increase in the Company's quarterly cash dividend, which will result in a total …

Noble Corporation Announces 50 Percent Increase In Dividend And Sets Schedule For Dividend Payment
Thu, 30 Jan 2014 13:45:00 GMT
PR Newswire – LONDON, Jan. 30, 2014 /PRNewswire/ — Noble Corporation (NE) today announced its Board of Directors has approved an increase in the Company's quarterly cash dividend, which will result in a total quarterly dividend of $0.375 per share, or $1.50 per share on an annualized basis. An aggregate dividend in the amount of USD $1.00 per share, to be paid in four quarterly installments of USD $0.25 per share, was previously approved by shareholders at the Company's Annual General Meeting on April 26, 2013. The Company expects that this dividend will be treated as a qualified dividend for purposes of U.S. taxes. David W. Williams, Chairman, President and Chief Executive Officer of Noble Corporation, stated, “Our Board has demonstrated its support for returning cash to shareholders, even during the Company's transformation involving significant capital expenditures devoted to our newbuild program.

Why Noble continues to expand its jackup fleet size
Wed, 29 Jan 2014 18:41:07 GMT
Market Realist – Noble’s competition shifting focus to deepwater drilling provides another advantage to its jackup strategy.

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