Noble Energy (NBL) Offering Possible 6.38% Return Over the Next 33 Calendar Days

Noble Energy's most recent trend suggests a bearish bias. One trading opportunity on Noble Energy is a Bear Call Spread using a strike $70.00 short call and a strike $75.00 long call offers a potential 6.38% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $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 rose above the $75.00 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 36.8 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Noble Energy

Noble Energy Announces Its First Quarter 2014 Earnings Webcast and Conference Call
Mon, 17 Mar 2014 18:00:00 GMT
PR Newswire – HOUSTON, March 17, 2014 /PRNewswire/ — Noble Energy, Inc. (NBL) will host its first quarter 2014 earnings webcast and conference call at 9:00 a.m., Central Time, Thursday, April 24, 2014. The Company plans to issue its financial and operating results prior to the market opening on the same day. The webcast and presentation materials will be accessible on the ‘Investors' page of the Company's website, www.nobleenergyinc.com. Conference call numbers for participation are 800-327-5138 and 719-325-2239. Noble Energy is a leading independent energy company engaged in worldwide oil and gas exploration and production. The Company has core operations onshore in the U.S., primarily in the DJ Basin and Marcellus Shale, in the deepwater Gulf of Mexico, offshore Eastern Mediterranean, and offshore West Africa. Noble Energy is listed on the New York Stock Exchange and is traded under the ticker symbol NBL. Further information is available at www.nobleenergyinc.com.

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Double Eagle Provides Updates on Drilling Operations and Exploration Projects
Wed, 12 Mar 2014 23:35:00 GMT
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