National Oilwell Offering Possible 8.7% Return Over the Next 22 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 $72.50 short put and a strike $67.50 long put offers a potential 8.7% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $67.50 long put 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

7:06 am Natl Oilwell Varco beats by $0.17, beats on revs
Fri, 31 Jan 2014 22:40:55 GMT

Major Global Oil Producers are Undervalued: A Wall Street Transcript Interview with Oswald Clint of Sanford C. Bernstein & Co., LLC, Senior Research Analyst Covering the European and Russian Majors and Large-Cap E&Ps
Fri, 31 Jan 2014 19:58:00 GMT

National Oilwell Varco's CEO Discusses Q4 2013 Results – Earnings Call Transcript
Fri, 31 Jan 2014 18:24:02 GMT

Huge call sale hits National Oilwell
Fri, 31 Jan 2014 16:31:20 GMT

National Oilwell Beats on Earnings, Revs
Fri, 31 Jan 2014 16:06:47 GMT

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