Noble Group: Is it Time to Buy?

Noble Group current price is at 3 years low. Is it a good time to buy? Currently Noble Group is forming a big Descending Triangle and finding the support at the range between $1.00 to $1.05. There are tons of resistances (20D/50D/200D SMA and Triangle resistance) above the current stock price. Current chart setup is good for shorting but not good for longing. Breaking this critical support will send Noble Group to $0.70 range. Sit tight if you are holding this stock. Definitely not good for weak heart!

2013June1-Noble Group

Key Statistics for NOBL

Current P/E Ratio (ttm) 14.4303
Estimated P/E(12/2013) 9.9076
Relative P/E vs. FSSTI 1.0655
Earnings Per Share (USD) (ttm) 0.0570
Est. EPS (USD) (12/2013) 0.0830
Est. PEG Ratio 0.6904
Market Cap (M SGD) 6,862.75
Shares Outstanding (M) 6,598.80
30 Day Average Volume 27,338,330
Price/Book (mrq) 1.0157
Price/Sale (ttm) 0.0563
Dividend Indicated Gross Yield 2.16%
Cash Dividend (USD) 0.0181
Last Dividend 05/14/2013
5 Year Dividend Growth 0.53%
Next Earnings Announcement 08/07/2013

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