National Oilwell (NOV) Offering Possible 16.03% Return Over the Next 11 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 $74.50 short call and a strike $80.00 long call offers a potential 16.03% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $74.50 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock rose above the $80.00 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 below 20 which suggests that the stock is in oversold territory.

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

Energy bears circling National Oilwell
Mon, 06 Oct 2014 18:21:46 GMT

Natl Oilwell Varco upgraded by Standpoint Research
Thu, 02 Oct 2014 15:06:15 GMT

Credit Suisse Sets Record Straight on NOV
Wed, 01 Oct 2014 17:55:46 GMT

National Oilwell Varco will
Tue, 30 Sep 2014 22:37:00 GMT

NATIONAL OILWELL VARCO INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Tue, 30 Sep 2014 21:11:30 GMT

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