National Oilwell's most recent trend suggests a bearish bias. One trading opportunity on National Oilwell is a Bear Call Spread using a strike $32.50 short call and a strike $38.00 long call offers a potential 11.11% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $32.50 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.95 would be incurred if the stock rose above the $38.00 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 at 21.48 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for National Oilwell
Why National Oilwell Varco Shares Slid 12% in October
Tue, 08 Nov 2016 17:57:33 GMT
Natl Oilwell Varco upgraded by Citigroup
Mon, 07 Nov 2016 14:39:04 GMT
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Wed, 02 Nov 2016 21:00:06 GMT
NATIONAL OILWELL VARCO INC Financials
Wed, 02 Nov 2016 17:04:08 GMT
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