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Shares of NOV Down 42.0% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Natl Oilwell Var (NYSE:NOV) on February 26th, 2020 at $19.94. In approximately 4 weeks, Natl Oilwell Var has returned 42.01% as of today's recent price of $11.56.

In the past 52 weeks, shares of Natl Oilwell Var have traded between a low of $8.00 and a high of $29.37 and are now at $11.56, which is 45% above that low price. The 200-day and 50-day moving averages have moved 0.72% lower and 4.1% lower over the past week, respectively.

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