National Oilwell's most recent trend suggests a bullish bias. One trading opportunity on National Oilwell is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 12.61% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock dropped below the $75.00 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 72.8 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for National Oilwell
Washington Prime Group, NOW, Civeo Set to Join S&P MidCap 400; UTi Worldwide, General Cable, Matthews International to Join S&P SmallCap 600
Thu, 22 May 2014 22:26:00 GMT
PR Newswire – NEW YORK, May 22, 2014 /PRNewswire/ — S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices: Washington Prime Group Inc. (NYSE:WPGwi) will replace UTi …
NOW Inc. to replace General Cable in S&P 400 as of 5/30 close
Thu, 22 May 2014 22:01:33 GMT
MIT Hobby Shop Spawns Offbeat Creations Like ‘Hairball’
Wed, 21 May 2014 04:00:01 GMT
The Hairball, and Other Weird Creations From MIT's Hobby Shop
Wed, 21 May 2014 04:00:01 GMT
National Oilwell Varco Is Poised For Ample Upside Potential
Tue, 20 May 2014 15:01:28 GMT
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