National Oilwell (NOV) Offering Possible 6.38% Return Over the Next 8 Calendar Days

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National Oilwell’s most recent trend suggests a bearish bias. One trading opportunity on National Oilwell is a Bear Call Spread using a strike $47.50 short call and a strike $53.00 long call offers a potential 6.38% 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 $47.50 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $5.17 would be incurred if the stock rose above the $53.00 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 67.75 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for National Oilwell

See what the IHS Markit Score report has to say about National Oilwell Varco Inc.
Fri, 03 Aug 2018 12:03:31 +0000
National Oilwell Varco Inc NYSE:NOV

5 Can’t-Miss Quotes From National-Oilwell Varco, Inc.’s Q2 Call
Wed, 01 Aug 2018 20:08:00 +0000
The oilfield equipment maker gave investors a good overview of what to expect in the coming quarters.

Moving Averages Suggest WTI Crude Oil Could Trend Higher
Wed, 01 Aug 2018 13:03:01 +0000
Active WTI crude oil futures was trading above their 50-day, 100-day, and 200-day moving averages of $69.20, $67.60, and $63.30 per barrel, respectively, on July 30. These moving average suggests bullishness in oil prices. However, WTI crude oil was trading below its 20-day moving average of $70.90 per barrel on July 30.

Edited Transcript of NOV earnings conference call or presentation 27-Jul-18 3:00pm GMT
Tue, 31 Jul 2018 23:24:37 +0000
Q2 2018 National Oilwell Varco Inc Earnings Call

What’s Schlumberger’s Stock Price Forecast This Week?
Tue, 31 Jul 2018 15:05:02 +0000
Schlumberger (SLB) released its second-quarter financial results on July 20. Between July 20 and July 27, Schlumberger’s implied volatility decreased from ~21.6% to 20.1%. The company’s stock price increased 1.4% during this period. Schlumberger accounts for 3.0% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES), which provides exposure to the energy sector’s oil and gas equipment and service segment. XES increased 1.5% between July 20 and July 27.

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