National Oilwell (NOV) Offering Possible 17.37% Return Over the Next 12 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 17.37% return on risk over the next 12 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 $0.74 would be kept by the premium seller. The risk of $4.26 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 66.44 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

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Mon, 07 Apr 2014 19:51:01 GMT

Where the jobs are
Mon, 07 Apr 2014 15:00:00 GMT
CNBC – Mary Thompson reports from Houston, Texas, where National Oilwell Varco brought employee training in house to develop its own pipeline of talent.

National Oilwell Varco Has Great Dividend Growth Potential
Sun, 06 Apr 2014 17:03:39 GMT

No real discernible momentum in March jobs: Pro
Fri, 04 Apr 2014 19:38:00 GMT

Training for the oil rig
Fri, 04 Apr 2014 19:31:00 GMT

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