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Interesting NOV Put And Call Options For March 25th
Thursday, February 3, 11:07 AM ET, by Market News Video Staff

Investors in NOV Inc (NOV) saw new options begin trading today, for the March 25th ...

Interesting NOV Put And Call Options For April 1st
Thursday, February 10, 11:21 AM ET, by Market News Video Staff

Investors in NOV Inc (NOV) saw new options begin trading today, for the April 1st ...

April 8th Options Now Available For NOV
Thursday, February 24, 11:10 AM ET, by Market News Video Staff

Investors in NOV Inc (NOV) saw new options become available today, for the April 8th ...

April 22nd Options Now Available For NOV
Thursday, March 3, 11:44 AM ET, by Market News Video Staff

Investors in NOV Inc (NOV) saw new options begin trading today, for the April 22nd ...

NOV Crosses Above Average Analyst Target
Monday, March 7, 7:05 AM ET, by Market News Video Staff

In recent trading, shares of NOV Inc (NOV) have crossed above the average analyst 12-month ...

NOV Shares Enter Oversold Territory

By Energy Stock Channel Staff, Thursday, June 23, 4:21 PM ET
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In trading on Thursday, shares of NOV Inc (NYSE:NOV) entered into oversold territory, changing hands as low as $15.39 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of NOV Inc, the RSI reading has hit 29.4 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 36.7, the RSI of WTI Crude Oil is at 38.1, the RSI of Henry Hub Natural Gas is presently 35.7, and the 3-2-1 Crack Spread RSI is 57.1.

A bullish investor could look at NOV's 29.4 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

Looking at a chart of one year performance (below), NOV's low point in its 52 week range is $11.46 per share, with $24.06 as the 52 week high point — that compares with a last trade of $15.57. NOV Inc shares are currently trading down about 5.6% on the day.

NOV Inc 1 Year Performance Chart


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