Schlumberger Offering Possible 14.68% Return Over the Next 30 Calendar Days

Schlumberger's most recent trend suggests a bullish bias. One trading opportunity on Schlumberger is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 14.68% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $4.36 would be incurred if the stock dropped below the $82.50 long put strike price.

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

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

The RSI indicator is at 60 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Schlumberger

‘Taper talk' may be dead until next year
Thu, 17 Oct 2013 23:22:06 GMT
CNBC – Taper talk used to keep the market up at night but after all the budget wrangling in Washington, traders say it's probably off the table for the rest of the year.

Tomorrow In :30
Thu, 17 Oct 2013 20:58:00 GMT
CNBC – What to watch in tomorrow's trading session, with Steven Rosen, Societe Generale, and Thomas Karsten, Karsten Advisors.

Notable companies reporting before tomorrow's open
Thu, 17 Oct 2013 19:21:26 GMT
theflyonthewall.com – Notable companies reporting before tomorrow's open

What Should Investors Watch for in Schlumberger's Earnings?
Thu, 17 Oct 2013 19:17:19 GMT
Motley Fool – Schlumberger has a major leg up over Halliburton and Baker Hughes in this part of the market. Can it stay there?

Whisper Number: How Will Schlumberger Investors React to Earnings?
Thu, 17 Oct 2013 18:49:04 GMT
Wall St. Cheat Sheet – Schlumberger has a 64 percent positive surprise history, having topped the whisper in 18 of the 28 earnings reports for which we have data.

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