Noble (NE) NewsBite - NE Declines on Lower Oil
Posted: Friday, November 20, 2009 11:46 AM EDT
By: Market Intelligence Center Staff
Noble (NYSE: NE) opened at $41.43. So far today, the stock has hit a low of $38.75 and a high of $41.43. NE is now trading at $39.03, down $2.68 (-6.41%). Over the last 52 weeks the stock has ranged from a low of $19.23 to a high of $45.18. NE shares are under pressure today from lower oil futures. Technical indicators for the stock are bullish and S&P gives NE a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on NE the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 44 range. [ABR-Seven Summits Strategic Investments NewsBite]
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