National Oilwell's most recent trend suggests a bullish bias. One trading opportunity on National Oilwell is a Bull Put Spread using a strike $32.50 short put and a strike $27.50 long put offers a potential 18.76% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $32.50 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock dropped below the $27.50 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 67.26 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
Natl Oilwell Varco downgraded by Societe Generale
Wed, 04 May 2016 10:54:10 GMT
Which of Helmerich & Payne’s Segments Suffered the Most in Fiscal 2Q16?
Tue, 03 May 2016 17:59:05 GMT
National Oilwell Varco, Inc. :NOV-US: Earnings Analysis: Q1, 2016 By the Numbers
Tue, 03 May 2016 14:27:24 GMT
These 5 Energy Stocks Are Breaking Out Right Now
Tue, 03 May 2016 13:35:00 GMT
The Weak Oil Market Continues to Batter MRC Global Inc.'s Earnings
Tue, 03 May 2016 12:20:00 GMT
Also on Market Tamer…
Follow Us on Facebook