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Natl Oilwell Var Trading Lower Today on Above-Average Volume (NOV)

By David Diaz

Shares of Natl Oilwell Var are trading today in above average volume, with the share price falling 0.6% to $26.88. About 5.6 million shares have been traded today, as compared to the 30-day average volume of 3.8 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

Over the past year, Natl Oilwell Var has traded in a range of $24.27 to $49.08 and is now at $26.88, 11% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.3%.

Keywords: unusual volume natl oilwell var

Ticker(s): NOV