Noble Corporation (NE) Offering Possible 6.84% Return Over the Next 33 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 $31.00 short call and a strike $36.00 long call offers a potential 6.84% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $31.00 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock rose above the $36.00 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 23.57 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Noble Corporation

Noble Corporation To Present At The Howard Weil 42nd Annual Energy Conference
Mon, 17 Mar 2014 15:37:26 GMT
noodls – LONDON, March 17, 2014 /PRNewswire/ — Noble Corporation (NYSE:NE) today announced that David W. Williams, Chairman, President and Chief Executive Officer, will present at the Howard Weil 42ndAnnual Energy …

Noble Corporation To Present At The Howard Weil 42nd Annual Energy Conference
Mon, 17 Mar 2014 15:00:00 GMT
PR Newswire – LONDON, March 17, 2014 /PRNewswire/ — Noble Corporation (NYSE:NE) today announced that David W. Williams, Chairman, President and Chief Executive Officer, will present at the Howard Weil 42 nd Annual …

Will This Estimate Cut Hurt Noble (NE) Today?
Fri, 14 Mar 2014 13:30:00 GMT

Why Noble Corporation, Diamond Offshore Drilling, and Monster Beverage Are Today’s 3 Worst Stocks
Thu, 13 Mar 2014 23:37:57 GMT

Noble Corporation Provides Fleet Contract Status Update
Thu, 13 Mar 2014 21:57:29 GMT
noodls – LONDON, March 13, 2014 /PRNewswire/ — Noble Corporation (NYSE: NE) today announced that its report of drilling rig status and contract information has been updated as of March 13, 2014. The report, titled …

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