Noble Energy (NBL) Upgrade Alert, Watch for 19.1% Technical Uptrend Continuation

Noble Energy (NYSE:NBL) upgraded to Outperform from Sector Perform at RBC Capital. The stock closed Friday at $69.49 on volume of 1,319,133 shares, below average daily volume of 1,625,543.

Noble Energy is currently above its 50-day moving average of $65.80 and above its 200-day moving average of $58.09.

SmarTrend is bullish on shares of NBL and our subscribers received an Uptrend alert on July 17, 2009 at $58.36, which has returned 19.1% to date.

Write to Chip Brian at cbrian@tradethetrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html

Related terms: energy, market, nyse, securities