National Oilwell (NOV) Offering Possible 6.84% Return Over the Next 30 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 $77.50 short call and a strike $82.50 long call offers a potential 6.84% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock rose above the $82.50 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 30.61 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

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

National Oilwell Varco: Offshore Slowdown Concern Is A Gift
Fri, 14 Mar 2014 16:48:36 GMT

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