National Oilwell Varco (NOV) NewsBite - NOV Jumps on Rising Oil Futures
Posted: Tuesday, February 09, 2010 1:43 PM EDT
By: Market Intelligence Center Staff
National Oilwell Varco (NYSE: NOV) opened at $42.25. So far today, the stock has hit a low of $42.18 and a high of $43.58. NOV is now trading at $43.30, up $1.77 (4.26%). Over the last 52 weeks the stock has ranged from a low of $23.79 to a high of $50.17. Higher oil futures are lifting NOV today. Technical indicators for the stock are bullish and S&P gives NOV a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on NOV the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 38 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE National Oilwell Varco (NOV) Stock ReportSee what our analysts have uncovered about National Oilwell Varco (NOV).