Schlumberger (SLB) Offering Possible 11.36% Return Over the Next 32 Calendar Days

Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $100.00 short call and a strike $110.00 long call offers a potential 11.36% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $8.98 would be incurred if the stock rose above the $110.00 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 43.12 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

Halliburton Cost-Cut Claims Outdo Other Buyers: Real M&A
Tue, 18 Nov 2014 21:33:26 GMT

Other possible winners from the Halliburton deal
Tue, 18 Nov 2014 20:13:32 GMT

Halliburton-Baker Hughes Merger Gets Thumbs Up: What Wall Street's Saying
Tue, 18 Nov 2014 19:02:00 GMT

Morgan Stanley Sees Weatherford, Schlumberger As Beneficiaries Of Baker Hughes/Halliburton Deal
Tue, 18 Nov 2014 14:26:52 GMT

Morgan Stanley Says Schlumberger Likely To Remain Industry Leader Following Halliburton-Baker Hughes Deal
Tue, 18 Nov 2014 13:20:39 GMT

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