Noble Corporation (NE) Offering Possible 7.3% Return Over the Next 22 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 $23.50 short call and a strike $28.50 long call offers a potential 7.3% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $23.50 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock rose above the $28.50 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 below 20 which suggests that the stock is in oversold 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

Oil & gold stocks take a hit
Thu, 25 Sep 2014 17:06:00 GMT

Midday movers: Hasbro, KB Home, Transocean & more
Wed, 24 Sep 2014 15:42:52 GMT

Offshore Drillers: Yes, It's Still Too Early
Wed, 24 Sep 2014 15:21:00 GMT

Noble Corporation To Present At The 2014 Johnson Rice Energy Conference
Tue, 23 Sep 2014 16:00:00 GMT
PR Newswire – LONDON, Sept. 23, 2014 /PRNewswire/ — Noble Corporation (NE) today announced that Jeffrey L. Chastain, Vice President – Investor Relations and Corporate Communications, Noble Drilling Services Inc., will present at the 2014 Johnson Rice Energy Conference in New Orleans, Louisiana, on Tuesday, September 30, 2014, beginning at 12:35 p.m. U.S. Central Daylight Time. A live webcast and presentation slides will be available at the time of the presentation in the “Investor Relations” section of the Company's Web site http://www.noblecorp.com. The Company owns and operates one of the most modern, versatile and technically advanced fleets in the offshore drilling industry.

Transocean And Three Other Energy Stocks Too Cheap To Ignore
Mon, 22 Sep 2014 14:15:00 GMT

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