Schlumberger (SLB) Offering Possible 11.86% Return Over the Next 9 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 9 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 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 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

Could be a bad call to bet on oil stocks: Cramer
Tue, 06 Nov 2018 00:09:00 +0000
Cramer says that if oil were really ready to roar, the oil service stocks would be flying, because these companies make a fortune when producers open up the drilling spigot, and that’s not happening.

Stocks That Fell to 3-Year Lows in the Week of Nov. 2
Sat, 03 Nov 2018 21:54:19 +0000
Schlumberger Ltd, General Mills Inc., Dentsply Sirona Inc. and IBM have declined to their respective 3-year lows

Meet the CEO behind Houston's largest woman-owned business
Thu, 01 Nov 2018 16:31:44 +0000
Pamela Chambers O'Rourke started her company 20 years ago with $250,000 in capital and a drive to succeed.

Don't Write Off FANG: Cramer's ‘Mad Money' Recap (Wednesday 10/31/18)
Thu, 01 Nov 2018 00:15:00 +0000
Cramer said he's not worried about any of these issues. Cramer said the company is only now beginning to monetize Waymo, and there's a lot more growth ahead. Just their FANG acronym, which Cramer now says he wishes he'd never coined in the first place.

Rising Oil Rig Count Might Be a Problem for Oil
Tue, 30 Oct 2018 17:03:57 +0000
Last week, the oil rig count rose by 2 to 875, which is the highest it’s been in about 3.5 years. The count tends to follow US crude oil prices with a three-month to six-month lag. In February 2016, US crude oil prices fell to the lowest closing level in 12 years. Between February 11, 2016, and October 29, 2018, US crude oil active futures rose 155.8%.

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