National Oilwell's most recent trend suggests a bearish bias. One trading opportunity on National Oilwell is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 17.92% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock rose above the $67.50 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 36.36 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for National Oilwell
Flotek Guides Q4 Revenue Up Despite Oil Price Drop
Tue, 06 Jan 2015 17:51:00 GMT
National Oilwell Varco (NOV) Stock Is Lower Today as Oil Prices Fall
Mon, 05 Jan 2015 18:35:00 GMT
Eminence Capital lowers stake in National Oilwell Varco
Tue, 30 Dec 2014 18:44:42 GMT
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Wed, 10 Dec 2014 23:15:00 GMT
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