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Bullish Moving Average Cross by National Oilwell Varco (NOV)

By Amy Schwartz

National Oilwell Varco (NYSE:NOV) shares have crossed bullishly above their 10-day moving average of $31.82 on a volume of 604K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, National Oilwell Varco share prices have been bracketed by a low of $25.74 and a high of $56.13 and are now at $32.61, 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.5%.

SmarTrend is tracking the current trend status for National Oilwell Varco and will alert subscribers who have NOV in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses national oilwell varco

Ticker(s): NOV