Noble Group stock rose another 7.3% yesterday to close the trading day at $0.191. Since reaching a low of $0.112 on 2 Sep 2016, the rally in Noble Group stock translated to an impressive 70.5%. And there seems to be no stopping Noble Group since from the technical charts, I noted that even with yesterday high price on an equally impressive volume, Noble Group stock price is still below its 200-days moving average.
It is understandable since Noble Group stock has “slumped” from its hey-days of trading at more than $1 per share. But that was history and Noble Group is now running on a leaner model, a model that focuses pretty much on strengthening its business model. I have not heard much in the news of Noble Group’s concrete actions to turn its business around in the media and I really believe that Noble Group ......