Nabors's most recent trend suggests a bullish bias. One trading opportunity on Nabors is a Bull Put Spread using a strike $26.00 short put and a strike $21.00 long put offers a potential 10.86% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $26.00 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock dropped below the $21.00 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 at 55.72 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Nabors
However You Slice It, CEO Pay Is Ripping You Off
Mon, 02 Jun 2014 14:08:08 GMT
Financial Stresses Appear In Fracking Companies: Investment Implications
Sun, 01 Jun 2014 12:56:18 GMT
[$$] Nabors Faces Renewed Challenges to Executive Pay
Sat, 31 May 2014 01:20:35 GMT
Proxy firms urge Nabors Industries' holders to oppose pay practices, WSJ says
Fri, 30 May 2014 22:30:03 GMT
Oil Driller Nabors Takes Heat Over Its $68 Million CEO
Fri, 30 May 2014 22:06:40 GMT
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