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Shares of NOV Down 27.4% Since Downtrend Call on Shares

By David Diaz

SmarTrend identified a Downtrend for Natl Oilwell Var (NYSE:NOV) on October 11th, 2018 at $42.21. In approximately 2 months, Natl Oilwell Var has returned 27.45% as of today's recent price of $30.62.

Natl Oilwell Var share prices have moved between a 52-week high of $49.08 and a 52-week low of $29.73 and are now trading 3% above that low price at $30.62 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.8%.

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 changes in momentum for shares of Natl Oilwell Var.

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