• Return to Headlines

National Oilwell Varco Bearish Moving Average Crossover Alert (NOV)

By Nick Russo

Today, shares of National Oilwell Varco (NYSE:NOV) have crossed bearishly below their 10-day moving average of $39.26 on a volume of 616K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

National Oilwell Varco share prices have moved between a 52-week high of $56.13 and a 52-week low of $25.74 and are now trading 52% above that low price at $39.12 per share. The 200-day and 50-day moving averages have moved 0.52% lower and 1.36% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in National Oilwell Varco. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of National Oilwell Varco in search of a potential trend change.

Keywords: moving crosses national oilwell varco

Ticker(s): NOV