National Oilwell Offering Possible 7.99% Return Over the Next 32 Calendar Days

National Oilwell's most recent trend suggests a bearish bias. One trading opportunity on National Oilwell is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 7.99% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $82.50 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock rose above the $87.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for National Oilwell is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for National Oilwell is bearish.

The RSI indicator is at 24.32 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for National Oilwell

Why I Sold Eaton Out Of My Dividend Portfolio For National-Oilwell Varco
Mon, 16 Dec 2013 14:41:03 GMT
Seeking Alpha – The last time I wrote about Eaton Corp. plc ( ETN ) I stated, that I was going to “stay away from the stock for now as it shot up quite a bit after earnings.” I also stated that I was going to …

An Interview with Pete Miller, CEO of National Oilwell Varco
Fri, 13 Dec 2013 15:13:56 GMT
Motley Fool – NOV's CEO discusses his company’s history, where it stands now, and what it looks forward to in years to come.

NOV Stock Crowded With Sellers
Wed, 11 Dec 2013 20:57:00 GMT
Forbes – In trading on Wednesday, shares of National Oilwell Varco Inc (NYSE: NOV) entered into oversold territory, changing hands as low as $78.40 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero […]

Coverage initiated on Natl Oilwell Varco by FBR Capital
Fri, 06 Dec 2013 10:40:12 GMT

Breakup Story: National-Oilwell Varco Is Going To Be A Breakout
Thu, 05 Dec 2013 23:05:08 GMT
Seeking Alpha – Parting ways with things is usually a difficult thing to do, whether it's a girlfriend, your first car, or even your favorite foods when starting a diet. Almost always subtracting that something from your …

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