National Oilwell's most recent trend suggests a bearish bias. One trading opportunity on National Oilwell is a Bear Call Spread using a strike $72.50 short call and a strike $77.50 long call offers a potential 18.2% 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 $72.50 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock rose above the $77.50 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 44.63 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for National Oilwell
National Oilwell Varco Declares Regular Quarterly Dividend
Thu, 13 Nov 2014 12:00:00 GMT
Business Wire – National Oilwell Varco, Inc. today announced that its Board of Directors declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on Dec
NATIONAL OILWELL VARCO INC Financials
Tue, 11 Nov 2014 18:04:20 GMT
Quotes about the economy from this week's earnings calls
Fri, 07 Nov 2014 15:00:41 GMT
10-Q for National Oilwell Varco, Inc.
Thu, 06 Nov 2014 00:08:33 GMT
National Oilwell Varco's Volatility Is Not for the Squeamish Investor
Wed, 05 Nov 2014 19:35:00 GMT
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