Nabors's most recent trend suggests a bearish bias. One trading opportunity on Nabors is a Bear Call Spread using a strike $25.00 short call and a strike $30.00 long call offers a potential 11.86% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $25.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock rose above the $30.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Nabors 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 Nabors is bearish.
The RSI indicator is at 58.49 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Nabors
Double-Digit Growth for U.S. Shale Explorers
Sun, 27 Apr 2014 19:44:09 GMT
NABORS INDUSTRIES LTD Files SEC form 8-K, Other Events
Fri, 25 Apr 2014 20:15:18 GMT
The Silver Linings in Nabors Industries Ltd.'s Earnings Signal Promising Times Ahead
Fri, 25 Apr 2014 18:02:24 GMT
NBR's CEO Discusses Q1 2014 Results – Earnings Call Transcript
Wed, 23 Apr 2014 22:15:06 GMT
Seeking Alpha – Anthony G. Petrello Good morning. Welcome to the Nabors Industries Conference Call to review our results for the first quarter of 2014. Thank you for participating this morning. As Denny mentioned, we …
NABORS INDUSTRIES LTD Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial Stat
Wed, 23 Apr 2014 13:01:25 GMT
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