National Oilwell Offering Possible 7.76% Return Over the Next 8 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 $80.00 short call and a strike $85.00 long call offers a potential 7.76% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 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 $85.00 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

An Interview with Pete Miller, CEO of National Oilwell Varco
Fri, 13 Dec 2013 15:13:56 GMT
Motley Fool – NOV's CEO discusses his company’s history, where it stands now, and what it looks forward to in years to come.

NOV Stock Crowded With Sellers
Wed, 11 Dec 2013 20:57:00 GMT
Forbes – In trading on Wednesday, shares of National Oilwell Varco Inc (NYSE: NOV) entered into oversold territory, changing hands as low as $78.40 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero […]

Coverage initiated on Natl Oilwell Varco by FBR Capital
Fri, 06 Dec 2013 10:40:12 GMT

Breakup Story: National-Oilwell Varco Is Going To Be A Breakout
Thu, 05 Dec 2013 23:05:08 GMT
Seeking Alpha – Parting ways with things is usually a difficult thing to do, whether it's a girlfriend, your first car, or even your favorite foods when starting a diet. Almost always subtracting that something from your …

Retailers Dress Up Earnings Today
Wed, 04 Dec 2013 14:01:31 GMT
TheStreet – Aeropostale looks to fend off its would-be activist with a good quarterly report after the bell, New York & Co. hopes to continue its run and Jim's energized about today's action alert.

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