$NOV Looking Healthy This MorningBouncing off the 200 day moving average today, let's see where it's headed! Aiming for 26$ in the short term for a swing.
1.05%
1.27USD
155MUSD
7.234BUSD
391.128M
About NOV Inc.
Sector
Industry
CEO
Clay C. Williams
Website
Headquarters
Houston
Employees (FY)
32.307K
Founded
1862
ISIN
US62955J1034
NOV, Inc. provides equipment and technology to the upstream oil and gas industry. It operates through the following segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions. The Rig Technologies segment focuses on the engineering, manufacturing, and support of advanced drilling equipment packages and related capital equipment for oil and gas wells. It also designs, builds, installs, and supports renewable energy equipment and technology, with a focus on wind and solar. The Wellbore Technologies segment is involved in the critical technologies, equipment, and services required to maximize customer oil and gas drilling efficiencies and economics. The Completion and Production Solutions segment optimizes the well completion process and production phase of a well's lifecycle. The company was founded in 1862 and is headquartered in Houston, TX.
NOV - Up Channel MoveUp Channel in grey
I expect a move up like was seen earlier in the channel development
Placed bars patterns to show my thoughts roughly on price evolution in green
Bullish on this timeframe
$NOV - Oil Drilling Equipment SupplierIf you missed out on the oil and crude plays of recent weeks, this play might be for you.
Oil drillers are allegedly feeling the pain of a worker shortage, and drilling equipment shortage.
According to CNN , "They can't find people, and can't find equipment," said Robert McNally, president of co
$NOV long idea$NOV is a leading company in the oil and gas drilling equipment and as we all know the US must start ramping up oil and gas production in order to relieve some of the pressure we see at the pump. The market might start pricing in some government funding towards oil drilling which requires heavy equi
NOV: 1-2yr Covered Call StrategyReasons for likely recovery :
Fundamental Analysis
- NOV suffered under major commerce COVID restrictions' impact on petro use.
- NOV is poised to recover with the opening of commerce. Petro sector is critical for both recovery and any developments in the ALT energy sectors.
- NOV supplies the
NOV: Ascending Triangle, awaiting confirmation (30PC)Ascending Triangle, awaiting confirmation (30PC)
Pros:
Flat volume during formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
200MA ascending
Cons:
250RSI below 50
Target:
PT = 20.90$
Help how ever you can to keep th
Is this a valid Cup n Handle?? Please comments. I’m newThis is the first time I publish something. Pretty new at this and would love to get some help / guide.
Can anyone confirm this is a correct Cup n Handle??
Thanks a lot.
DC
See all ideas
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