National Oilwell (NOV) Offering Possible 16.01% Return Over the Next 13 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 $38.00 short call and a strike $43.00 long call offers a potential 16.01% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $38.00 by expiration. The full premium credit of $0.69 would be kept by the premium seller. The risk of $4.31 would be incurred if the stock rose above the $43.00 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 25.98 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for National Oilwell

The Zacks Analyst Blog Highlights: TOTAL S.A., ConocoPhillips, Valero Energy, National Oilwell Varco and Denbury Resources
Wed, 31 Oct 2018 12:05:12 +0000
The Zacks Analyst Blog Highlights: TOTAL S.A., ConocoPhillips, Valero Energy, National Oilwell Varco and Denbury Resources

Oil & Gas Stock Roundup: TOTAL, ConocoPhillips & Valero's Q3
Tue, 30 Oct 2018 20:38:08 +0000
Energy biggies TOTAL S.A. (TOT), ConocoPhillips (COP) and Valero Energy (VLO) reported third-quarter earnings that came above the Zacks Consensus Estimate.

Edited Transcript of NOV earnings conference call or presentation 26-Oct-18 3:00pm GMT
Tue, 30 Oct 2018 18:04:38 +0000
Q3 2018 National Oilwell Varco Inc Earnings Call

See what the IHS Markit Score report has to say about National Oilwell Varco Inc.
Sat, 27 Oct 2018 12:05:42 +0000
National Oilwell Varco Inc NYSE:NOV

National Oilwell Varco Inc (NOV) Q3 2018 Earnings Conference Call Transcript
Fri, 26 Oct 2018 18:36:30 +0000
NOV earnings call for the period ending September 30, 2018.

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