National Oilwell (NOV) Offering Possible 16.82% Return Over the Next 10 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 $77.50 short call and a strike $82.50 long call offers a potential 16.82% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock rose above the $82.50 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 54.03 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, Other Events, Financial Statements and Exhibits
Wed, 12 Mar 2014 21:11:39 GMT

National Oilwell Varco Announces Reporting Segment Changes
Wed, 12 Mar 2014 11:14:54 GMT
noodls – HOUSTON–(BUSINESS WIRE)–Mar. 12, 2014– National Oilwell Varco, Inc. (NYSE: NOV) announced today that it will reorganize into four financial reporting segments. The new segments will be Rig Systems, …

7:01 am Natl Oilwell Varco announces that it will reorganize into four financial reporting segments
Wed, 12 Mar 2014 11:01:00 GMT

National Oilwell Varco Announces Reporting Segment Changes
Wed, 12 Mar 2014 11:00:00 GMT
Business Wire – National Oilwell Varco, Inc. announced today that it will reorganize into four financial reporting segments. The new segments will be Rig Systems, Rig Aftermarket, Completion & Production Solutions, and Wellbore Technologies.

No Other Vendor For Dividends; The National Oilwell Varco Story
Fri, 07 Mar 2014 14:12:47 GMT

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