Fast Profits in Noble Corp.
11/03/2008 11:34 am EST
This international provider of various services for the oil and gas industry has been in a bull market since mid-2004.
The Trade of the Day has regularly commented on NE and did well with it until crude oil broke down last summer. Now, after a sharp decline from over $68 to under $23, NE is flashing buy signals from the stochastic indicator and the Collins-Bollinger Reversal indicator.
A breakout from the low $30s could quickly take NE to $40 or higher.
By Sam Collins of OptionsZone.com