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6.7% Return Seen to Date on SmarTrend Natl Oilwell Var Call (NOV)

By James Quinn

SmarTrend identified an Uptrend for Natl Oilwell Var (NYSE:NOV) on February 20th, 2018 at $35.58. In approximately 2 months, Natl Oilwell Var has returned 6.75% as of today's recent price of $37.98.

Over the past year, Natl Oilwell Var has traded in a range of $29.79 to $43.63 and is now at $37.98, 27% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.4%.

National Oilwell Varco Inc. is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Natl Oilwell Var shares.

Log in and add Natl Oilwell Var (NOV) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights natl oilwell var

Ticker(s): NOV