Monday, June 4, 2012

Noble (technical)

Noble: Indicators look negative, with MACD appearing to peak and both RSI and Stochastics appearing to head lower. However, ADX appears to have peaked which may mean a pause to the downtrend. The general long-term horizon still looks bleak with the 50-day below the 200-day SMA See support at $1.05. Near-term resistance $1.17

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