National Oilwell Offering Possible 7.07% Return Over the Next 23 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 $77.50 short call and a strike $82.50 long call offers a potential 7.07% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock rose above the $82.50 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 54.27 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

National Oilwell Varco Names New CEO
Fri, 28 Feb 2014 00:13:56 GMT

7:00 am Natl Oilwell Varco announces Clay C. Williams has been appointed President and CEO of the co effective immediately
Thu, 27 Feb 2014 21:57:01 GMT

National Oilwell Varco Declares Regular Quarterly Dividend
Thu, 27 Feb 2014 16:01:46 GMT
noodls – HOUSTON–(BUSINESS WIRE)–Feb. 27, 2014– National Oilwell Varco, Inc. (NYSE: NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.26 per share of common …

National Oilwell Varco Declares Regular Quarterly Dividend
Thu, 27 Feb 2014 14:00:00 GMT
Business Wire – National Oilwell Varco, Inc. today announced that its Board of Directors declared the regular quarterly cash dividend of $0.26 per share of common stock, payable on Mar

National Oilwell Varco Announces Election of Clay Williams as President & Chief Executive Officer
Thu, 27 Feb 2014 13:42:02 GMT
noodls – HOUSTON–(BUSINESS WIRE)–Feb. 27, 2014– National Oilwell Varco, Inc. (NYSE: NOV) announced today that Clay C. Williams has been appointed President and Chief Executive Officer of the Company effective …

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