NBL our Free Stock Pick for Mon Jan 24th 2011
Noble Energy, Inc. (NBL), a Houston-based oil and gas company, has been up nearly 50% since June, mostly due to rising energy prices. In the last three months the stock has consolidated in the 80-87 range, which now looks ready to be broken.
Noble Energy finished Friday at the highest closing level in more than two years, thus showing strength that could continue in the next couple of trading days and, possibly, weeks. Momentum could move stock toward the 90-92 area. Preferred entry (buy stop) price is at 87.60, with a stop loss at 85.60.
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