Nabors's most recent trend suggests a bearish bias. One trading opportunity on Nabors is a Bear Call Spread using a strike $27.00 short call and a strike $32.00 long call offers a potential 9.41% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $27.00 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock rose above the $32.00 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 32.28 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Nabors
NABORS INDUSTRIES LTD Files SEC form 10-Q, Quarterly Report
Wed, 06 Aug 2014 21:29:54 GMT
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
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