• Return to Headlines

Natl Oilwell Var: New 52-Week Low Set Today (NOV)

By David Diaz

Natl Oilwell Var (NYSE:NOV) traded at a new 52-week low today of $19.50. Approximately 471,000 shares have changed hands today, as compared to an average 30-day volume of 4.9 million shares.

There is potential upside of 89.0% for shares of Natl Oilwell Var based on a current price of $19.50 and an average consensus analyst price target of $36.85. Natl Oilwell Var shares should first meet resistance at the 50-day moving average (MA) of $21.35 and find additional resistance at the 200-day MA of $26.68.

National Oilwell Varco, Inc. designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.

In the past 52 weeks, Natl Oilwell Var share prices have been bracketed by a current low of $19.50 and a high of $47.46 and are now at $19.50. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.2%.

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

Keywords: 52 week high/lows natl oilwell var

Ticker(s): NOV