Noble Energy Offering Possible 8.7% Return Over the Next 18 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 18 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

Digging Into the Dow; Buyable Oil Stocks: Jim Cramer's Best Blogs
Sat, 30 Nov 2013 20:02:00 GMT
TheStreet – Catch up on Jim Cramer's thinking over the past week, including companies that are way behind in the market and independent oils.

Big Natgas Producer Chesapeake Energy Makes Oil Move
Fri, 29 Nov 2013 23:07:00 GMT
Investor's Business Daily – Big Natgas Producer Chesapeake Energy Makes Oil Move

Water-Logged And Getting Wetter Stock Of The Day: Noble Energy (NBL)
Wed, 27 Nov 2013 18:12:00 GMT

Oil Producer Noble Energy Retreats To Support Level
Mon, 25 Nov 2013 22:44:00 GMT

Jim Cramer: Iran Means Oil Downgrades Coming
Mon, 25 Nov 2013 20:11:30 GMT
TheStreet – Increased oil production in Iran could cause a drop in West Texas Intermediate crude, but Jim Cramer says to wait a day to buy any oil stocks

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