Noble Corporation (NE) Offering Possible 11.11% Return Over the Next 22 Calendar Days

Noble Corporation's most recent trend suggests a bullish bias. One trading opportunity on Noble Corporation is a Bull Put Spread using a strike $31.00 short put and a strike $26.00 long put offers a potential 11.11% 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 $31.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $26.00 long put strike price.

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

The RSI indicator is at 51.58 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Noble Corporation

Noble Corp's Near-Term Growth Prospects and High Dividend Yield Look Appealing
Sun, 27 Apr 2014 19:16:12 GMT

Noble Corporation Board Sets Schedule For Dividend Payment
Fri, 25 Apr 2014 16:27:00 GMT
PR Newswire – LONDON, April 25, 2014 /PRNewswire/ — Noble Corporation (NE) today announced its Board of Directors has scheduled the payment of the Company's quarterly cash dividend of $0.375 per share. An aggregate dividend in the amount of USD $1.00 per share, to be paid in four quarterly installments of USD $0.25 per share, was previously approved by shareholders at the Company's Annual General Meeting on April 26, 2013. The Company expects that this dividend will be treated as a qualified dividend for purposes of U.S. taxes. Noble is a leading offshore drilling contractor for the oil and gas industry.

Diamond Offshore Drilling: Good News for One, Good News for All
Thu, 24 Apr 2014 18:06:00 GMT

Will the Downside Continue for Noble Corp?
Tue, 22 Apr 2014 15:02:30 GMT

Noble Corporation Names Steven A. Manz As Senior Vice President And Chief Financial Officer Of Paragon Offshore
Tue, 22 Apr 2014 12:45:00 GMT
PR Newswire – LONDON, April 22, 2014 /PRNewswire/ — Noble Corporation plc (NYSE: NE) today announced that Steven A. Manz has been appointed to the position of Senior Vice President and Chief Financial Officer of Paragon …

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