National Oilwell Offering Possible 16.82% Return Over the Next 37 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 $80.00 short call and a strike $85.00 long call offers a potential 16.82% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock rose above the $85.00 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 40.97 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for National Oilwell

CEO Pete Miller Explains NOV’s Acquisitions Strategy
Thu, 16 Jan 2014 14:04:00 GMT
Motley Fool – With as many as 300 acquisitions under its belt, how does NOV decide what to take on next?

National Oilwell Varco: Undervalued Gem
Thu, 16 Jan 2014 10:10:53 GMT
Seeking Alpha – Formed by a 2005 merger between National Oilwell and Varco International, National Oilwell Varco ( NOV ) designs, manufactures and markets equipment and components for oil and gas drilling and production …

Spin-Off To Payoff: National Oilwell Varco
Wed, 15 Jan 2014 19:13:38 GMT
Seeking Alpha – When a company decides to spin off a portion of their business, it can create immense value for shareholders who take advantage of this opportunity. The history of past spin-offs has been statistically …

Buffett Bet Wrong On Energy Before, Is He Wrong Again?
Wed, 15 Jan 2014 18:06:58 GMT
Seeking Alpha – Back in the 1st quarter of 2006 Warren Buffett started buying ConocoPhillips ( COP ) for his Berkshire Hathaway ( BRK.A , BRK.B ). By the 3rd quarter of 2008 he had accumulated some 84 million shares. …

Pete Miller Says Offshore Drillers are Looking for the Big Kahuna
Tue, 14 Jan 2014 16:32:21 GMT
Motley Fool – Different types of oil and gas development ebb and flow at different times — and NOV serves them all.

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