Thursday, October 11, 2007

A noble energy stock

Among the NYSE Stock Trends Bullish stocks Noble
Energy Inc.(NYSE:NBL) has delivered investors ample
return on its four-plus year trend. Last week's heavy
trading showed NBL may have more to give. Today the
stock sits above $75 and has advanced 25% since its
brief flirtation with the Stock Trends Weak Bullish
indicator at the end of August. A Weak Bullish
indicator alerts investors to a critical support area,
a signal to monitor for either selling on further
downside movement or accumulation on signs of price
support. NBL found support along the 40-week moving
average trend line (Stock Trends primary trend line)
and has rallied to today's new high. Energy bulls will
do well to stick with NBL.

Stock Trends Report - Noble Energy Inc. (NYSE:NBL):

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