Noble Energy Offering Possible 8.7% Return Over the Next 17 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 $72.50 short call and a strike $77.50 long call offers a potential 8.7% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $77.50 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 below 20 which suggests that the stock is in oversold territory.

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

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Wed, 04 Dec 2013 14:18:05 GMT
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Noble Energy Announces New Exploration Discoveries In The Deepwater Gulf Of Mexico And Eastern Mediterranean
Wed, 04 Dec 2013 14:07:21 GMT
noodls – HOUSTON, Dec. 4, 2013 /PRNewswire/ — Noble Energy, Inc. (NYSE: NBL) announced today discoveries at the Dantzler exploration well in the Deepwater Gulf of Mexico and at the Tamar Southwest (SW) exploration …

InPlay: Noble Energy announces new exploration discoveries in the deepwater Gulf Of Mexico and Eastern Mediterranean
Wed, 04 Dec 2013 13:02:11 GMT

Noble Energy Announces New Exploration Discoveries In The Deepwater Gulf Of Mexico And Eastern Mediterranean
Wed, 04 Dec 2013 12:59:00 GMT
PR Newswire – HOUSTON, Dec. 4, 2013 /PRNewswire/ — Noble Energy, Inc. (NBL) announced today discoveries at the Dantzler exploration well in the Deepwater Gulf of Mexico and at the Tamar Southwest (SW) exploration well offshore Israel. At Dantzler, wireline logging data indicates that the well encountered over 120 net feet of primarily crude oil pay in two high-quality Miocene reservoirs. The discovery well, located in Mississippi Canyon 782, was drilled to a total depth of 19,234 feet in 6,580 feet of water. Dantzler is located 12 miles west of the Company's Rio Grande development area, which includes discoveries at Big Bend and Troubadour. Discovered gross resources(1) at Dantzler are now estimated at between 55 and 95 million barrels of oil equivalent. The Tamar SW well, testing a new exploration prospect, encountered approximately 355 feet of net natural gas pay within the targeted Miocene intervals. Tamar SW, which was drilled to a total depth of 17,420 feet in 5,405 feet of water, is the Company's eighth consecutive discovery in the Levant Basin. The field is located approximately 8 miles southwest of the Tamar field. Evaluation of drilling data and wireline logs has confirmed the range(1) of gross resources of the field to be between 640 billion cubic feet (Bcf) of natural gas and 770 Bcf. The well encountered high-quality reservoir sands, with per well productivity anticipated to be approximately 250 million cubic feet of natural gas per day.

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