National Oilwell (NOV) Offering Possible 5.26% Return Over the Next 12 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 $77.50 short put and a strike $72.50 long put offers a potential 5.26% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $72.50 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 at 51.41 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 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

A chip shot to grow jobs in upstate New York
Fri, 02 May 2014 14:35:42 GMT
CNBC – Taking advantage of tax incentives, chipmaker GlobalFoundries opened its first U.S. plant in New York state and created 2,200 jobs.

NATIONAL OILWELL VARCO INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Thu, 01 May 2014 20:56:49 GMT

National Oilwell Varco Board of Directors Approves Spin-Off of NOW Inc.
Thu, 01 May 2014 20:50:00 GMT
Business Wire – National Oilwell Varco, Inc. announced today that its board of directors has given final approval for the spin-off of its distribution business. The resulting company will be known as NOW Inc.

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