Schlumberger (SLB) Offering Possible 26.58% Return Over the Next 17 Calendar Days

Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $89.00 short call and a strike $94.00 long call offers a potential 26.58% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $89.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock rose above the $94.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Schlumberger is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Schlumberger is bearish.

The RSI indicator is at 26.77 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Schlumberger

Schlumberger Price-Target Slashed to $100 From $141
Wed, 03 Dec 2014 21:49:00 GMT

Schlumberger: fleet weak
Wed, 03 Dec 2014 18:20:44 GMT
Financial Times – The abstraction of cratering oil prices is turning into ugly corporate reality. Schlumberger, the oilfield services company, is one of those to show the scars. Because its clients are cutting back on exploration, …

Oppenheimer Initiates Coverage On Oilfield Services
Wed, 03 Dec 2014 17:41:32 GMT

OPEC's No to Oil Production Cut Dents Crude Prices: 3 Energy Funds to Dump
Wed, 03 Dec 2014 17:03:34 GMT
Zacks – With oil prices nose-diving, it will be difficult for the energy firms, more particularly those related to exploration and production, to earn sufficient cash flow for shareholders.

Schlumberger (SLB) Stock Is Higher Today on Analyst Action
Wed, 03 Dec 2014 15:01:00 GMT

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