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Natl Oilwell Var Crosses Below its 10-day MA (NOV)

By James Quinn

Today, shares of Natl Oilwell Var (NYSE:NOV) have fallen below their 10-day MA of $42.46 on a volume of 533K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Natl Oilwell Var share prices have moved between a 52-week high of $45.08 and a 52-week low of $29.90 and are now trading 42% above that low price at $42.31 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Natl Oilwell Var on February 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.58. Since that recommendation, shares of Natl Oilwell Var have risen 20.6%. We continue to monitor NOV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses natl oilwell var

Ticker(s): NOV