Noble Energy's most recent trend suggests a bearish bias. One trading opportunity on Noble Energy is a Bear Call Spread using a strike $67.50 short call and a strike $72.50 long call offers a potential 14.94% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock rose above the $72.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Noble Energy 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 Energy is bearish.
The RSI indicator is at 23.28 level which suggests that the stock is neither overbought nor oversold at this time.
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 Energy
Dicker/Link: Oil Prices are Ridiculously Low, Opportunity Still Abounds in E+P
Thu, 31 Jul 2014 16:35:00 GMT
Oil Prices are Ridiculously Low Opportunity Still Abounds in E+P
Thu, 31 Jul 2014 16:30:00 GMT
NOBLE ENERGY INC Financials
Wed, 30 Jul 2014 17:04:13 GMT
Despite Second-Quarter Challenges, Noble Energy’s Long-Term Prospects Remain Bright
Fri, 25 Jul 2014 16:02:02 GMT
Trade-Ideas: Noble Energy (NBL) Is Today's “Roof Leaker” Stock
Fri, 25 Jul 2014 14:32:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook