National Oilwell (NOV) Offering Possible 6.38% Return Over the Next 8 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 $47.50 short call and a strike $53.00 long call offers a potential 6.38% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $47.50 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $5.17 would be incurred if the stock rose above the $53.00 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 67.75 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

See what the IHS Markit Score report has to say about National Oilwell Varco Inc.
Fri, 03 Aug 2018 12:03:31 +0000
National Oilwell Varco Inc NYSE:NOV

5 Can't-Miss Quotes From National-Oilwell Varco, Inc.'s Q2 Call
Wed, 01 Aug 2018 20:08:00 +0000
The oilfield equipment maker gave investors a good overview of what to expect in the coming quarters.

Moving Averages Suggest WTI Crude Oil Could Trend Higher
Wed, 01 Aug 2018 13:03:01 +0000
Active WTI crude oil futures was trading above their 50-day, 100-day, and 200-day moving averages of $69.20, $67.60, and $63.30 per barrel, respectively, on July 30. These moving average suggests bullishness in oil prices. However, WTI crude oil was trading below its 20-day moving average of $70.90 per barrel on July 30.

Edited Transcript of NOV earnings conference call or presentation 27-Jul-18 3:00pm GMT
Tue, 31 Jul 2018 23:24:37 +0000
Q2 2018 National Oilwell Varco Inc Earnings Call

What’s Schlumberger’s Stock Price Forecast This Week?
Tue, 31 Jul 2018 15:05:02 +0000
Schlumberger (SLB) released its second-quarter financial results on July 20. Between July 20 and July 27, Schlumberger’s implied volatility decreased from ~21.6% to 20.1%. The company’s stock price increased 1.4% during this period. Schlumberger accounts for 3.0% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES), which provides exposure to the energy sector’s oil and gas equipment and service segment. XES increased 1.5% between July 20 and July 27.

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