National Oilwell's most recent trend suggests a bullish bias. One trading opportunity on National Oilwell is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 5.04% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock dropped below the $65.00 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 29.01 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for National Oilwell
Oilfield Services Overview: Alpha Absent At Schlumberger
Mon, 24 Mar 2014 15:00:44 GMT
Jim Cramer Says Bet Against Wall Street Pros to Make Money
Wed, 19 Mar 2014 13:31:30 GMT
Why National-Oilwell Varco Inc. Shares Slipped This Morning
Mon, 17 Mar 2014 14:02:02 GMT
National Oilwell downgraded to Neutral from Buy at Goldman
Mon, 17 Mar 2014 09:57:18 GMT
National Oilwell Varco Heads A List Of 3 Value Dividend Stocks To Put On Your Radar
Sun, 16 Mar 2014 04:27:02 GMT
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