Thursday, January 17, 2013

Noble (technical)

Noble: Trading Central says the stock remains in an upward trend, following the upside breakout of its medium term moving average. In addition, the 20day moving average is pushing share price higher, having crossed above the 50day one, creating a "golden cross". Notes RSI remains positive and well above a rising trend line. Anticipates a test of the nearest resistance at $1.265 (close to the 9 Nov 2012 bearish gap) before a new rise towards $1.368.

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