National Oilwell (NOV) Offering Possible 18.2% Return Over the Next 9 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 $72.50 short call and a strike $77.50 long call offers a potential 18.2% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.50 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock rose above the $77.50 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 44.63 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 Declares Regular Quarterly Dividend
Thu, 13 Nov 2014 12:00:00 GMT
Business Wire – National Oilwell Varco, Inc. today announced that its Board of Directors declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on Dec

NATIONAL OILWELL VARCO INC Financials
Tue, 11 Nov 2014 18:04:20 GMT

Quotes about the economy from this week's earnings calls
Fri, 07 Nov 2014 15:00:41 GMT

10-Q for National Oilwell Varco, Inc.
Thu, 06 Nov 2014 00:08:33 GMT

National Oilwell Varco's Volatility Is Not for the Squeamish Investor
Wed, 05 Nov 2014 19:35:00 GMT

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