Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $92.50 short call and a strike $97.50 long call offers a potential 9.41% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $92.50 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock rose above the $97.50 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 37.1 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Schlumberger
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Tue, 26 Nov 2013 17:22:46 GMT
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Schlumberger Introduces New Generation Surface Multiphase Flowmeter
Tue, 26 Nov 2013 15:02:36 GMT
noodls – Vx Spectra delivers accurate flow rate measurements for oil and gas production monitoring and allocation HOUSTON, November 26, 2013-Schlumberger announced today the release of the Vx Spectra* surface multiphase …
Three Picks for Shale Energy Trends
Mon, 25 Nov 2013 16:08:00 GMT
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Nasdaq Briefly Tops 4,000 as Markets Take a Break
Mon, 25 Nov 2013 15:02:59 GMT
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Mon, 25 Nov 2013 13:39:51 GMT
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