Noble (technical)

Noble: Trading Central notes the stock has broken above its long term declining trend line (since Feb 2012) and accelerated upwards with strong momentum. Both the ST & MT moving averages are heading upwards, and continue to push the prices higher. Besides, the momentum indicator RSI is bullish, confirming a positive outlook. As long as $1.12 is support, look for further advance to $1.375 and even $1.435.