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 13.12% return on risk over the next 30 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 $0.58 would be kept by the premium seller. The risk of $4.42 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 68.08 level which suggests that the stock is neither overbought nor oversold at this time.
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
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
National Oilwell initiated with a Neutral at RW Baird
Mon, 14 Oct 2013 20:08:20 GMT
theflyonthewall.com – National Oilwell initiated with a Neutral at RW Baird
5 Stocks to Watch as Debt Ceiling Deal Nears
Mon, 14 Oct 2013 13:27:00 GMT
Minyanville – Apache, National-Oilwell, and Jabil Circuit make the list of favorably rated stocks that should be on your potential buy list.
Also on Market Tamer…
Follow Us on Facebook