Stockchase Opinions

Ron Meisels National Oilwell Varco NOV-N WATCH Nov 28, 2012

It would be a wonderful thing if this crossed $90. It has been trying to do this for about 2 years. It is finding support and is in a wedge. Breaking below the baseline would be a disaster and breaking above would mean that you should get into this. Keep an eye on $90.

$70.180

Stock price when the opinion was issued

oil gas
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HOLD
The trend on this one is higher. In a lot of support on his point and figure charts. If it gets back above $80, it will work higher and maybe make new highs.