NEW DIRECTIONAL CALL PLAYS

Noble Energy - NBL - close: 101.82 change: +0.74

Stop Loss: 99.95
Target(s): 104.85
Current Option Gain/Loss: + 00.0%
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
NBL continues to show strength with traders buying the dip this morning and again this afternoon. The stock looks poised to challenge $105 and maybe higher. The Point & Figure chart is bullish with a $112 target. I am suggesting small bullish positions at the open tomorrow. More conservative traders may want to put conditions on launching new positions. For example you could wait and only open positions if both NBL and the S&P 500 open positive before launching a trade. Our short-term target is $104.85.

- Suggested Positions - *Small Positions*

buy the 2013 Jan $105 call (NBL1319a105) current ask $1.70

Annotated Chart:

Entry on December xx at $ xx.xx
Average Daily Volume = 1.2 million
Listed on December 12, 2012