National Oilwell (NOV) Offering Possible 10.38% Return Over the Next 12 Calendar Days

National Oilwell's most recent trend suggests a bullish bias. One trading opportunity on National Oilwell is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 10.38% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock dropped below the $72.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for National Oilwell 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 National Oilwell is bullish.

The RSI indicator is at 62.44 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 National Oilwell

No Other Vendor For Dividends; The National Oilwell Varco Story
Fri, 07 Mar 2014 14:12:47 GMT

National Oilwell Varco Announces First Quarter 2014 Earnings Conference Call
Thu, 06 Mar 2014 18:05:27 GMT
noodls – HOUSTON–(BUSINESS WIRE)–Mar. 6, 2014– National Oilwell Varco, Inc. (NYSE: NOV) has scheduled a conference call to discuss the first quarter results of 2014 on Monday, April 28, 2014 at 8:00 a.m. Central …

National Oilwell Varco Announces First Quarter 2014 Earnings Conference Call
Thu, 06 Mar 2014 18:00:00 GMT
Business Wire – National Oilwell Varco, Inc. has scheduled a conference call to discuss the first quarter results of 2014 on Monday, April 28, 2014 at 8:00 a.m. Central Time. Financial

National Oilwell Varco: Strong Dividends Set To Continue
Tue, 04 Mar 2014 11:29:54 GMT

Oil Is Getting Harder to Find, and for Some This Is a Good Thing
Sun, 02 Mar 2014 18:01:58 GMT

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