Noble (N21) - 09 May 2016

Noble Group Ltd. plunged the most in more than four years after Fitch Ratings Ltd. placed the company’s debt ratings on negative watch according to Bloomberg. http://www.bloomberg.com/news/articles/2016-05-09/noble-group-tumbles-as-fitch-places-ratings-on-negative-watch

According to SGX filing, Franklin Resources, Inc. sold 9,17,900 Noble shares at average price of $0.4219 on 05 May 2016 and reduced its holdings to 5.94%

Technically, Noble down-trend should continue with support at $0.325 and $0.305 after breaking its 100-day Moving Average with high volume today.