Noble Energy (NBL) Offering Possible 6.38% Return Over the Next 22 Calendar Days

Noble Energy's most recent trend suggests a bullish bias. One trading opportunity on Noble Energy is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 6.38% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $65.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Noble Energy 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 Energy is bullish.

The RSI indicator is at 66.81 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Noble Energy

Select Income REIT adds to portfolio in $2.7B deal
Tue, 02 Sep 2014 11:48:36 GMT

Select Income REIT adds to portfolio in $2.7B deal
Tue, 02 Sep 2014 11:48:36 GMT

Noble Energy draws call buying
Tue, 02 Sep 2014 09:47:59 GMT

Noble Energy's Gulf of Mexico Focus Yielding Results
Fri, 29 Aug 2014 19:45:02 GMT

Noble Energy Announces Successful Drilling Results In The Gulf Of Mexico
Thu, 28 Aug 2014 12:35:00 GMT
PR Newswire – HOUSTON, Aug. 28, 2014 /PRNewswire/ — Noble Energy, Inc. (NBL) today announced final well results at the Katmai exploration well and the Dantzler appraisal well in the deepwater Gulf of Mexico. At Katmai, wireline logging data indicates a total of 154 net feet of crude oil pay was discovered in multiple reservoirs, including 117 net feet in Middle Miocene and 37 net feet in Lower Miocene reservoirs. Total gross resources(1) at Katmai are now estimated at between 40 and 100 million barrels of oil equivalent, including 40 to 60 million barrels of oil equivalent discovered from this initial well. The Dantzler-2 appraisal well, located in Mississippi Canyon 782, encountered 122 net feet of crude oil pay in two high-quality Miocene reservoirs.

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