National Oilwell's most recent trend suggests a bearish bias. One trading opportunity on National Oilwell is a Bear Call Spread using a strike $36.50 short call and a strike $42.00 long call offers a potential 12.02% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $36.50 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.91 would be incurred if the stock rose above the $42.00 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 24.48 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for National Oilwell
Analyzing Short Interest in National Oilwell Varco
Tue, 25 Apr 2017 11:37:24 +0000
Short interest in National Oilwell Varco’s (NOV) stock as a percentage of its float was 6.8% as of April 21, 2017, compared to 6.1% as of December 30, 2016.
Will National Oilwell Varco, Inc.'s Rebound Continue This Quarter?
Mon, 24 Apr 2017 20:25:00 +0000
The oil-field equipment maker expects to report first-quarter results on Thursday morning.
What’s NOV’s Correlation with Crude Oil on April 21?
Mon, 24 Apr 2017 17:35:48 +0000
In this part, we’ll analyze the correlation between National Oilwell Varco’s (NOV) stock price and the West Texas Intermediate (or WTI) crude oil price.
What’s NOV’s 7-Day Stock Price Forecast?
Mon, 24 Apr 2017 16:05:55 +0000
On April 21, 2017, National Oilwell Varco’s (NOV) implied volatility was 35.6%.
How National Oilwell Varco’s Stock Has Performed
Mon, 24 Apr 2017 14:33:50 +0000
In the past one year, National Oilwell Varco (NOV) stock has risen 21% as of April 21, 2017.
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