Schlumberger Offering Possible 12.87% Return Over the Next 18 Calendar Days

Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 12.87% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $4.43 would be incurred if the stock rose above the $95.00 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 below 20 which suggests that the stock is in oversold territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Schlumberger

SCHLUMBERGER LTD /NV/ Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Tue, 03 Dec 2013 20:32:28 GMT

Schlumberger sees 2 pct fourth-quarter profit hit from Iraq shutdown
Tue, 03 Dec 2013 17:32:30 GMT
Reuters – Schlumberger Ltd expects the temporary shutdown of its operations in southern Iraq last month in a “security incident” to reduce fourth-quarter profits about 2 percent, the oilfield services company on Tuesday. “With strong support from the authorities, we are almost back to normal activity levels at this stage, and expect to see continued strong growth for our business in Iraq next year,” Patrick Schorn, Schlumberger's president of operations and integration, told an investor conference. Dozens of Shi'ite Muslim workers and tribesmen stormed the Schlumberger camp in North Rumaila and wrecked offices on Nov. 11 after accusing a foreign security adviser of insulting their religion, according to police and employees. Speaking at the Cowen and Co Ultimate Energy Conference, Schorn said the shutdown would have an impact of 2 cents to 3 cents per share for the quarter.

Oil majors close to agreeing cuts in Iraqi production targets
Tue, 03 Dec 2013 16:41:32 GMT
Financial Times – Baghdad is close to agreeing lower production targets for peak output at a big field operated by ExxonMobil, demonstrating the challenges international oil companies face in trying to raise goals for Iraq's …

InPlay: Schlumberger Excerpts from presentation at Cowen Energy Conference
Tue, 03 Dec 2013 14:26:28 GMT

Here's Why Iran Doesn't Matter for Energy Investors
Sun, 01 Dec 2013 16:06:07 GMT
Motley Fool – The recent deal with Iran gives many some hope that Iran will start producing more oil again, but that shouldn't concern energy investors.

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