National Oilwell (NOV) Offering Possible 7.76% Return Over the Next 33 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 $70.00 short call and a strike $75.00 long call offers a potential 7.76% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 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 rose above the $75.00 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 below 20 which suggests that the stock is in oversold 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

Cramer's take on oil's crash
Wed, 10 Dec 2014 23:15:00 GMT

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Wed, 03 Dec 2014 00:05:00 GMT

NATIONAL OILWELL VARCO INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Ex
Mon, 24 Nov 2014 11:02:07 GMT

Cramer: Stay true to convictions
Wed, 19 Nov 2014 23:15:00 GMT

National-Oilwell Varco: Generate Income In Uncertain Market
Tue, 18 Nov 2014 16:15:00 GMT

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