National Oilwell (NOV) Offering Possible 11.86% Return Over the Next 10 Calendar Days

National Oilwell's most recent trend suggests a bearish bias. One trading opportunity on National Oilwell is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 11.86% 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 $82.50 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 $87.50 long call strike price.

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

The RSI indicator is at 37.95 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

3 picks to weather any coming correction
Tue, 09 Sep 2014 17:21:58 GMT

Why Glenview Capital adds new position in National Oilwell Varco
Mon, 08 Sep 2014 21:13:04 GMT

Novartis Offers Healthy Gains at a Bargain Stock Price
Fri, 05 Sep 2014 10:30:00 GMT

National Oilwell Varco Announces Third Quarter 2014 Earnings Conference Call
Tue, 26 Aug 2014 15:35:00 GMT
Business Wire – National Oilwell Varco, Inc. will hold a conference call to discuss the results for the third quarter of 2014 on Thursday, October 30 at 8:00 am . Fina

NATIONAL OILWELL VARCO INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Ex
Mon, 18 Aug 2014 18:56:29 GMT

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