National Oilwell (NOV) Offering Possible 19.33% Return Over the Next 17 Calendar Days

National Oilwell's most recent trend suggests a bullish bias. One trading opportunity on National Oilwell is a Bull Put Spread using a strike $82.50 short put and a strike $77.50 long put offers a potential 19.33% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $4.19 would be incurred if the stock dropped below the $77.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for National Oilwell is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for National Oilwell is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for National Oilwell

National Oilwell (NOV) Enters Overbought Territory
Wed, 02 Jul 2014 12:49:53 GMT

National Oilwell Hits 52-Week High
Mon, 30 Jun 2014 19:00:12 GMT

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Fri, 27 Jun 2014 21:32:09 GMT
Motley Fool – These energy stocks have fat or fast-growing dividends.

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Wed, 25 Jun 2014 17:49:22 GMT

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Wed, 25 Jun 2014 17:19:09 GMT

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