National Oilwell Offering Possible 7.3% Return Over the Next 32 Calendar Days

National Oilwell's most recent trend suggests a bullish bias. One trading opportunity on National Oilwell is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 7.3% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock dropped below the $67.50 long put strike price.

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

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

The RSI indicator is at 67.3 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

“Nobody Ever Gets Fired for Buying NOV”
Tue, 18 Feb 2014 18:47:56 GMT

National Oilwell Varco Breaks Below 200-Day Moving Average – Notable For NOV
Tue, 18 Feb 2014 16:41:00 GMT
TheStreet – In trading on Tuesday, shares of National Oilwell Varco Inc crossed below their 200 day moving average of $75.52, changing hands as low as $75.25 per share. National Oilwell Varco Inc shares are currently …

NATIONAL OILWELL VARCO INC Files SEC form 10-K, Annual Report
Fri, 14 Feb 2014 15:24:57 GMT

2 Offshore Drillers, 2 Reasons to Buy
Wed, 12 Feb 2014 20:39:56 GMT

Finding Contrarian Plays In A Not-So-Cheap Market
Wed, 12 Feb 2014 07:59:29 GMT

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