2waytrading

9% upside opportunity next 4-weeks

NYSE:NOV   NATIONAL OILWELL VARCO INC
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Since it bottomed in Oct along with market, price printed several higher lows but failed to push a new HH as 62% larger FIB became an obstacle to over come above that level will be a bullish with target price 79 and above. Recent bearish evening star remains a concern but for now it is evaporated and bulls took the control. If you decide to take a long position make your stop loss at recent swing low at and around 71.25. If you want to get a real time alerts on this security try us http://www.2waytrading.com
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