Nabors (NBR) Offering Possible 6.16% Return Over the Next 12 Calendar Days

Nabors's most recent trend suggests a bearish bias. One trading opportunity on Nabors is a Bear Call Spread using a strike $28.00 short call and a strike $33.00 long call offers a potential 6.16% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $28.00 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock rose above the $33.00 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 40.83 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 Nabors

Trade-Ideas: Nabors Industries (NBR) Is Today's “Water-Logged And Getting Wetter” Stock
Fri, 01 Aug 2014 13:46:00 GMT

Nabors Industries upgraded by Howard Weil
Fri, 01 Aug 2014 12:02:12 GMT

Chicken Feed Additive Becomes Growth Product for Fracking: A Wall Street Transcript Interview with Daniel Rizzo, an Analyst with Sidoti & Company, LLC
Tue, 29 Jul 2014 14:57:00 GMT

Nabors Ups Quarterly Dividend Following Strong Q2 Results
Mon, 28 Jul 2014 20:43:54 GMT

Bank Of America: With Sold-Out Capacity, ‘Room To Run' For Drillers
Mon, 28 Jul 2014 16:51:02 GMT

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