National Oilwell (NOV) Offering Possible 12.11% Return Over the Next 8 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 12.11% return on risk over the next 8 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 $0.54 would be kept by the premium seller. The risk of $4.46 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 36.22 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's Spinoff Turns CEO's Head
Tue, 10 Jun 2014 23:10:10 GMT

NATIONAL OILWELL VARCO INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an
Tue, 10 Jun 2014 20:12:28 GMT

National Oilwell Varco, Inc. Announces Recast of New Reporting Segments
Tue, 10 Jun 2014 20:00:00 GMT
Business Wire – National Oilwell Varco, Inc. today announced that it has filed a Form 8-K with the Securities and Exchange Commission to present certain historical financial informatio

Ex-Dividend Reminder: Williams, Canadian Natural Resources and National Oilwell Varco
Mon, 09 Jun 2014 15:43:00 GMT

National Oilwell Varco Increases Dividend 77% – But Is It A Buy?
Fri, 06 Jun 2014 14:08:58 GMT

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