National Oilwell (NOV) Offering Possible 20.77% Return Over the Next 11 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 $80.00 short put and a strike $75.00 long put offers a potential 20.77% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.86 would be kept by the premium seller. The risk of $4.14 would be incurred if the stock dropped below the $75.00 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 at 47.36 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

Lightning Round: Westport Innovations, Opko & More
Tue, 06 May 2014 22:48:39 GMT

What Everyone Missed in National Oilwell Varco Inc.’s Earnings
Tue, 06 May 2014 18:06:25 GMT

The Opportunity To Buy Dividend Payer National Oilwell Varco Was After Earnings
Tue, 06 May 2014 14:40:56 GMT

NATIONAL OILWELL VARCO INC Files SEC form 10-Q, Quarterly Report
Mon, 05 May 2014 19:31:06 GMT

Investors Who Sold National Oilwell Varco on Weak Earnings Are Thinking Short Term
Fri, 02 May 2014 18:02:03 GMT

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