Noble Corporation Offering Possible 13.38% 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 $38.00 short put and a strike $33.00 long put offers a potential 13.38% 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 $38.00 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.41 would be incurred if the stock dropped below the $33.00 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 at 63.52 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Noble Corporation

NOBLE CORP / SWITZERLAND Financials
Fri, 08 Nov 2013 18:04:18 GMT

NE Makes Bullish Cross Above Critical Moving Average
Thu, 07 Nov 2013 21:19:00 GMT

Offshore Drilling Stocks: Buy, Sell, Hold
Wed, 06 Nov 2013 00:02:23 GMT

Can Transocean Keep Up With Seadrill and Ensco?
Tue, 05 Nov 2013 22:40:08 GMT
Motley Fool – Transocean's earnings might not grow as quickly as rivals Seadrill and Ensco this quarter. But in the long run, there's plenty of opportunity in deepwater drilling to keep the entire industry busy.

NOBLE CORP / SWITZERLAND Files SEC form 10-Q, Quarterly Report
Mon, 04 Nov 2013 20:54:47 GMT

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