National-Oilwell Varco, Inc. (NYSE:NOV)

Q:Chip,

 Hello. I have seen your ternd alert for NOV. I have bought "NOV" 2 times with an average price of $32.765.

Do you think I need to hang on to it or sell it.

 Thanks,

Vicky

A: Hi Vicky.  We just issued an Uptrend a few days ago for NOV at $33 so your entry price is great!  The 50-day moving average may be of some resistance at $34.79 so watch that level closely.  If it can close above that, it should have further upside to retest the $40 level again.  Short term moved may be impacted with oil price fluctuation but we are seeing a possible turn there as well.