Noble Corporation Offering Possible 10.13% Return Over the Next 26 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 $37.00 short call and a strike $42.00 long call offers a potential 10.13% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $37.00 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 rose above the $42.00 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 21.27 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Noble Corporation

Deepwater Drilling Is the Future of Energy
Sat, 21 Dec 2013 17:02:29 GMT
Motley Fool – More than half of the world's new oil discoveries are being found in over a mile of water, which presents a huge opportunity for rig owners.

Citigroup says oil drillers feeling pricing pressure
Fri, 20 Dec 2013 15:00:21 GMT
theflyonthewall.com – Citigroup says oil drillers feeling pricing pressure

Three-way trade is bullish on Noble
Thu, 19 Dec 2013 09:45:22 GMT

The Market For High-Specification Jack-Ups Shows No Sign Of A Glut, But Problems At Lower End
Wed, 18 Dec 2013 16:28:34 GMT
Seeking Alpha – In the first article of this two-part series, I discussed that the oft-discussed coming weakness in the ultra-deepwater segment of the market will be most felt at the lower end of the market and not so …

Noble Corporation Provides Fleet Contract Status Update
Tue, 17 Dec 2013 21:59:00 GMT
PR Newswire – LONDON, Dec. 17, 2013 /PRNewswire/ — Noble Corporation (NYSE:NE) today announced that its report of drilling rig status and contract information has been updated as of December 17, 2013. The report, titled …

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