Noble

Noble: acquires a 49% stake in Triumph Alliance for US$ 40m. Triumph owns a 100% stake in a Russian co that has permission to construct a coal export terminal in the Primorsky Region on Russia's Far East coast. Triumph has a NTA of US$1.13m and book value of US$40m. Acquisition is small, and unlikely to have significant financial impact in the near term. Separately, Trading Central notes that the stock has been moving sideways above its major support level at $1.05, and remains capped by its moving average. However, notes the RSI has left the oversold area and is posting a bullish divergence , which may indicate potential for rebound. Says, as long as $1.05 is not broken, a new up leg towards $1.12 should be the most likely scenario.