Nabors's most recent trend suggests a bearish bias. One trading opportunity on Nabors is a Bear Call Spread using a strike $29.00 short call and a strike $34.00 long call offers a potential 5.49% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $29.00 by expiration. The full premium credit of $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock rose above the $34.00 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 52.44 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Nabors
More Compelling Economic Numbers Forecast Possible Upside Potential in Oil and Gas Services Stocks: Vice President Edward C. Muztafago of Societe Generale Interviews with The Wall Street Transcript
Mon, 07 Jul 2014 19:53:00 GMT
Wall Street Transcript Interview with Halbert S. Washburn, the CEO and Director of BreitBurn Energy Partners L.P. (BBEP)
Thu, 03 Jul 2014 19:24:00 GMT
Nabors Hits 52-Week High on C&J Agreement
Wed, 02 Jul 2014 11:05:46 GMT
NABORS INDUSTRIES LTD Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibi
Tue, 01 Jul 2014 21:19:29 GMT
Nabors Industries Ltd. Second Quarter 2014 Earnings Conference Call Invitation
Mon, 30 Jun 2014 23:17:41 GMT
noodls – HAMILTON, Bermuda, June 30, 2014 /PRNewswire/ — Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G. Petrello, Chairman and Chief Executive Officer, Wednesday, July 23, 2014 at 10:00 a.m. …
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