National Oilwell Offering Possible 15.47% Return Over the Next 36 Calendar Days

National Oilwell's most recent trend suggests a bearish bias. One trading opportunity on National Oilwell is a Bear Call Spread using a strike $80.00 short call and a strike $85.00 long call offers a potential 15.47% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $4.33 would be incurred if the stock rose above the $85.00 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 35.35 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 Announces Certain Management Changes Related to Its Distribution Spinoff
Fri, 17 Jan 2014 14:22:53 GMT
noodls – HOUSTON–(BUSINESS WIRE)–Jan. 17, 2014– National Oilwell Varco, Inc. (NYSE: NOV) announced the name of an additional member of the Executive Management team for its previously announced plan to spin …

National Oilwell Varco Announces Certain Management Changes Related to Its Distribution Spinoff
Fri, 17 Jan 2014 14:00:00 GMT
Business Wire – National Oilwell Varco, Inc. announced the name of an additional member of the Executive Management team for its previously announced plan to spin off to its shareholders its Distribution Business as an independent publicly traded company.

CEO Pete Miller Explains NOV’s Acquisitions Strategy
Thu, 16 Jan 2014 14:04:00 GMT
Motley Fool – With as many as 300 acquisitions under its belt, how does NOV decide what to take on next?

National Oilwell Varco: Undervalued Gem
Thu, 16 Jan 2014 10:10:53 GMT
Seeking Alpha – Formed by a 2005 merger between National Oilwell and Varco International, National Oilwell Varco ( NOV ) designs, manufactures and markets equipment and components for oil and gas drilling and production …

Spin-Off To Payoff: National Oilwell Varco
Wed, 15 Jan 2014 19:13:38 GMT
Seeking Alpha – When a company decides to spin off a portion of their business, it can create immense value for shareholders who take advantage of this opportunity. The history of past spin-offs has been statistically …

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