Schlumberger (SLB) Offering Possible 11.86% Return Over the Next 10 Calendar Days

Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $53.00 short call and a strike $58.00 long call offers a potential 11.86% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $53.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock rose above the $58.00 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

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Rising Oil Rig Count Might Be a Problem for Oil
Tue, 30 Oct 2018 17:03:57 +0000
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The Risk/Reward Ratio Sets up a Perfect Trade Opportunity for CHK Stock
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Like many stocks right now, Chesapeake Energy (NYSE:CHK) has been nothing to write home about. Its performance has been dismal at best, with CHK stock falling ~20% from this month’s highs and 18.5% from its highs this summer. Ideally, CHK stock would look better above $4.25, but near $4 isn’t the end of the world.

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