National Oilwell Offering Possible 10.13% Return Over the Next 36 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 $80.00 short put and a strike $75.00 long put offers a potential 10.13% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $75.00 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 57.08 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for National Oilwell

Berkshire Hathaway discloses Exxon Mobil stake
Fri, 15 Nov 2013 02:56:23 GMT
USA TODAY – Warren Buffett's investing firm also reduced its ConocoPhillips stake in third quarter.

National Oilwell Varco CEO Stepping Down
Thu, 14 Nov 2013 21:18:00 GMT
Motley Fool – After 12 years of service, Pete Miller will be stepping down as the chairman and CEO of National Oilwell Varco following the completion of its spinoff into two separate companies.

National Oilwell Varco Declares Regular Quarterly Dividend
Thu, 14 Nov 2013 20:12:35 GMT
noodls – HOUSTON–(BUSINESS WIRE)–Nov. 14, 2013– National Oilwell Varco, Inc. (NYSE: NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.26 per share of common …

National Oilwell CEO to step down after spinoff
Thu, 14 Nov 2013 19:53:56 GMT

National Oilwell CEO to step down after spinoff
Thu, 14 Nov 2013 19:53:56 GMT
AP – National Oilwell Varco Inc. said Thursday that Merrill Miller Jr., its CEO and chairman, will step down once the oil and gas industry supplier completes a spinoff of its distribution business. Clay Williams, …

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