National Oilwell Offering Possible 8.93% Return Over the Next 29 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 $77.50 short put and a strike $72.50 long put offers a potential 8.93% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $72.50 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 71.75 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for National Oilwell

Will this Move by National Oilwell Varco Pay Off?
Fri, 18 Oct 2013 15:28:02 GMT
Motley Fool – National Oilwell is spinning off its distribution business; this is what you need to know.

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Fri, 18 Oct 2013 15:24:00 GMT
Barrons.com – Investors couldn't have asked for much more from Baker Hughes (BHI). It beat its earnings forecasts. It beat revenue expectations. It beat its own profit guidance. And its profit margins increased in all …

Johnson & Johnson's Winning Profits
Tue, 15 Oct 2013 22:56:12 GMT
Motley Fool – Johnson & Johnson beat estimates on third-quarter profits. How should investors react?

Bullish technicals vie with debt-ceiling deadline
Tue, 15 Oct 2013 16:37:58 GMT
MarketWatch – The October 17 U.S. debt-ceiling deadline is now just two days away. And while a failure to raise the debt ceiling — a U.S. debt default — is likely a nuclear market event, the prevailing technical backdrop …

Coverage initiated on Natl Oilwell Varco by Robert W. Baird
Tue, 15 Oct 2013 02:35:48 GMT

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