National Oilwell (NOV) Offering Possible 12.11% Return Over the Next 15 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 12.11% return on risk over the next 15 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 $0.54 would be kept by the premium seller. The risk of $4.46 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 35.45 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

NATIONAL OILWELL VARCO INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Ex
Fri, 01 Aug 2014 20:29:20 GMT

National Oilwell Varco Drops On Jefferies Report: Weakening Deepwater Activity
Wed, 30 Jul 2014 18:48:58 GMT

National Oilwell Earnings Beat on Oilfield Equipment Demand
Tue, 29 Jul 2014 16:25:03 GMT

A Wall Street Transcript Interview with Daniel Rizzo, an Analyst with Sidoti & Company, LLC: Fracking Additives are Bright Spot for Specialty Chemicals Stocks
Tue, 29 Jul 2014 14:54:00 GMT

National Oilwell Varco (NOV) Is Today's Unusual Social Activity Stock
Tue, 29 Jul 2014 14:11:00 GMT

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