Noble Corporation (NE) Offering Possible 10.13% Return Over the Next 30 Calendar Days

Noble Corporation's most recent trend suggests a bullish bias. One trading opportunity on Noble Corporation is a Bull Put Spread using a strike $33.00 short put and a strike $28.00 long put offers a potential 10.13% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $33.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $28.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Noble Corporation 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 Corporation is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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 Corporation

NOBLE CORP PLC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligat
Thu, 19 Jun 2014 20:56:54 GMT

1:02 pm Noble Corp PLC subsidiary Paragon Offshore arranging debt financing in connection with spin-off; secured term loan B of $550 mln, and $1.2 bln senior unsecured notes
Thu, 19 Jun 2014 17:02:00 GMT

Noble Corporation Subsidiary Arranging Debt Financing In Connection With Spin-Off
Thu, 19 Jun 2014 17:00:00 GMT
PR Newswire – LONDON, June 19, 2014 /PRNewswire/ — Noble Corporation (NE) today announced that Paragon Offshore Ltd., its wholly owned subsidiary, is beginning the process of raising external financing in preparation for the spin-off of Paragon Offshore in the third quarter of 2014. The external financing is expected to consist of a senior secured term loan B of approximately $550 million and approximately $1.2 billion of senior unsecured notes. As part of the external financing, Paragon also entered into an $800 million senior secured revolving credit facility due 2019 with various commercial and investment banks on June 17. Noble is a leading offshore drilling contractor for the oil and gas industry. Noble performs, through its subsidiaries, contract drilling services with a fleet of 77 offshore drilling units (including one ultra-deepwater drillship and three high-specification jackup drilling rigs currently under construction), located worldwide, including in the U.S. Gulf of Mexico and Alaska, Mexico, Brazil, Argentina, the North Sea, the Mediterranean, West Africa, the Middle East, India, Malaysia and Australia.

Noble Corporation To Present At The GHS 100 Energy Conference
Wed, 18 Jun 2014 19:00:00 GMT
PR Newswire – LONDON, June 18, 2014 /PRNewswire/ — Noble Corporation (NYSE:NE) today announced that Jeffrey L. Chastain, Vice President – Investor Relations and Corporate Communications, Noble Drilling Services Inc., …

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Wed, 18 Jun 2014 18:07:23 GMT

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