Nabors's most recent trend suggests a bullish bias. One trading opportunity on Nabors is a Bull Put Spread using a strike $21.00 short put and a strike $16.00 long put offers a potential 5.26% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $21.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $16.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Nabors 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 Nabors is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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 Nabors
Nabors Spurts to 52-Week High on Earnings Beat
Mon, 24 Feb 2014 20:00:06 GMT
Basic Energy Blowing Up
Fri, 21 Feb 2014 20:43:16 GMT
NABORS INDUSTRIES LTD Files SEC form 8-K, Other Events
Fri, 21 Feb 2014 17:52:47 GMT
Nabors Industries Beat Priceline Post-Earnings, While Groupon Swoons
Fri, 21 Feb 2014 17:02:00 GMT
Was Nabors Industries' Earnings Crush a Sign of a Splendid 2014?
Fri, 21 Feb 2014 14:25:56 GMT
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