Economist
Short

Short Entry Approaching

NYSE:NOV   NATIONAL OILWELL VARCO INC
59 1 0
NVO             has been behaving nicely with various setups. A strong short opportunity will likely present itself early next week. Assuming the short opportunity goes in our favor, we can expect to reverse positions with $2.50-$3.00 in profit. I am long term bullish on this stock with targets at $33 and $37 after this initial short reverses.
Price collapsed as expected although sooner than expected. Either way, looks good thus far. Aggressive long entry coming up.
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