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Natl Oilwell Var (NOV) Approaches New Upside Target of $27.35

By Shiri Gupta

Natl Oilwell Var (NYSE:NOV) has opened bullishly above the pivot of $27.05 today and has reached the first level of resistance at $27.22. Should the shares continue to rise, the resistance pivots of $27.35 and $27.65 will be of interest.

Natl Oilwell Var (NYSE:NOV) has potential upside of 36.0% based on a current price of $27.10 and analysts' consensus price target of $36.85. The stock should find initial resistance at its 50-day moving average (MA) of $28.59 and further resistance at its 200-day MA of $37.35.

Natl Oilwell Var share prices have moved between a 52-week high of $49.08 and a 52-week low of $24.27 and are now trading 12% above that low price at $27.10 per share. The 200-day and 50-day moving averages have moved 0.68% lower and 0.19% higher over the past week, respectively.

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

Keywords: pivot alerts natl oilwell var

Ticker(s): NOV