National Oilwell Offering Possible 6.38% Return Over the Next 19 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 $85.00 short call and a strike $90.00 long call offers a potential 6.38% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock rose above the $90.00 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

Ex-Dividend Reminder: Tidewater, HollyFrontier and National Oilwell Varco
Mon, 02 Dec 2013 15:13:00 GMT
Forbes – Looking at the universe of stocks we cover at Dividend Channel, on 12/4/13, Tidewater Inc. (NYSE: TDW), HollyFrontier Corp. (NYSE: HFC), and National Oilwell Varco Inc (NYSE: NOV) will all trade ex-dividend for their respective upcoming dividends. Tidewater Inc. will pay its quarterly dividend of $0.25 on 12/16/13, HollyFrontier Corp.

Black Friday Steals: 2 Stocks to Buy Now From This Market-Beating Retirement Portfolio
Fri, 29 Nov 2013 13:18:03 GMT
Motley Fool – Apple, Baidu, Whole Foods, and National Oilwell are all in the spotlight, but which ones are ripe for the picking?

Dril-Quip Is Great, but So Are the Expectations
Wed, 27 Nov 2013 11:00:00 GMT
TheStreet – Until I see meaningful signs of business erosion and weak margins, I believe these shares should reach $130 in the next six to 12 months.

NOV Hives Off Distribution Biz
Tue, 26 Nov 2013 19:10:02 GMT
Zacks – National Oilwell Varco Inc. is on track with the previously announced spin-off of its Distribution business segment.

Tiffany, Barnes & Noble Set to Report
Tue, 26 Nov 2013 12:35:30 GMT
TheStreet – Retailers, from bookstores to jewelers, are looking to wow investors before the Thanksgiving holiday and Jim Cramer is taking a buying opportunity.

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