Schlumberger Offering Possible 6.16% Return Over the Next 25 Calendar Days

Schlumberger's most recent trend suggests a bullish bias. One trading opportunity on Schlumberger is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 6.16% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock dropped below the $85.00 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 65.21 level which suggests that the stock is neither overbought nor oversold at this time.

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

Why Schlumberger’s Profits Soared
Tue, 22 Oct 2013 15:56:28 GMT
Motley Fool – How continued strength in international global exploration and production spending bolstered Schlumberger’s third-quarter results.

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Tue, 22 Oct 2013 12:30:18 GMT
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Schlumberger downgraded by Howard Weil
Tue, 22 Oct 2013 05:19:35 GMT

Jim Cramer's 6 Stocks in 60 Seconds: GT FHN XEC DF SLB AGN (Update1)
Mon, 21 Oct 2013 23:40:00 GMT
TheStreet – Check out Jim Cramer's latest trading recommendations on “Action Alerts Plus” . (Updates from 10:36 a.m. ET with closing information.) NEW YORK ( TheStreet ) — Here's what Jim Cramer had to …

Oil Drops Below $100 as Dow Stalls
Mon, 21 Oct 2013 19:52:10 GMT
Motley Fool – Oil has fallen below $100 today on growing inventory, and Halliburton is the biggest energy name to lose ground. Following great earnings from Baker Hughes and Schlumberger, the oil-service company is …

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