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National Oilwell Varco Bullish Moving Average Crossover Alert (NOV)

By David Diaz

Today, shares of National Oilwell Varco (NYSE:NOV) have crossed bullishly above their 10-day moving average of $32.37 on a volume of 969K 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 $32.60, 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.4%.

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