Friday, December 14, 2012

Noble (technical)

Noble: Trading Central notes the stock has surpassed a resistance area around $1.085 and the 20day SMA is reversing up. Adds RSI is surging and has broke above a declining trend line. Moreover the widening of Bollinger bands indicates an increase in the intensity of the short term trend. Now expects a continuation of the rebound, with TP at $1.16 and $1.21 in extension, as long as $1.085 holds on the downside.

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