Noble Corporation (NE) Offering Possible 8.93% Return Over the Next 39 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 $26.00 short put and a strike $21.00 long put offers a potential 8.93% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $26.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $21.00 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 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

Insider buying stocks: Beazer Homes & more
Mon, 11 Aug 2014 16:36:00 GMT

NOBLE CORP PLC Files SEC form 10-Q, Quarterly Report
Fri, 08 Aug 2014 18:30:15 GMT

NOBLE CORP PLC Financials
Fri, 08 Aug 2014 17:04:13 GMT

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