National Oilwell (NOV) Offering Possible 7.76% Return Over the Next 15 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 7.76% return on risk over the next 15 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 $0.36 would be kept by the premium seller. The risk of $4.64 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 above 80 which suggests that the stock is in overbought territory.

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

No real discernible momentum in March jobs: Pro
Fri, 04 Apr 2014 19:38:00 GMT

Training for the oil rig
Fri, 04 Apr 2014 19:31:00 GMT

Natl Oilwell Varco upgraded by Standpoint Research
Fri, 04 Apr 2014 19:30:54 GMT

Want to work an oil well? Start studying
Fri, 04 Apr 2014 17:53:00 GMT

Oil well firm starting ‘colleges' for training
Fri, 04 Apr 2014 13:28:45 GMT

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