Schlumberger (SLB) Offering Possible 12.61% Return Over the Next 27 Calendar Days

Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $65.00 short call and a strike $70.00 long call offers a potential 12.61% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock rose above the $70.00 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.

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LATEST NEWS for Schlumberger

Is Schlumberger's Russian Deal in Trouble on U.S. Sanctions?
Thu, 17 Aug 2017 14:34:02 +0000
Given the recent sanctions imposed by the U.S., Schlumberger's (SLB) recent decision to acquire a stake in Eurasia Drilling seems to have hit choppy waters.

US Crude Oil Inventories: Biggest Draw since September 2016
Thu, 17 Aug 2017 14:00:20 +0000
The EIA reported that US crude oil inventories fell by 8.9 MMbbls or 1.8% to 466.4 MMbbls on August 4–11, 2017—the biggest draw since September 2016.

Schlumberger Announces Third-Quarter 2017 Results Conference Call
Wed, 16 Aug 2017 21:23:00 +0000
Schlumberger Limited will hold a conference call on October 20, 2017 to discuss the results for the third quarter ending September 30, 2017.

Schlumberger's Eurasia Drilling Stake ‘Has Big Problems,' Russian Watchdog Says
Wed, 16 Aug 2017 18:50:00 +0000
Schlumberger is seeking approval to acquire a 51% stake in Russia's Eurasia Drilling Co.

Russian watchdog says Schlumberger-Eurasia Drilling deal “has big problems”
Wed, 16 Aug 2017 17:08:54 +0000
The acquisition of a 51 percent stake in Russia's Eurasia Drilling Co (EDC) by U.S. oilfield services giant Schlumberger “has big problems” in the current political situation, the head of Russia's competition watchdog said on Wednesday. Schlumberger applied to the watchdog for approval to buy the stake in late July in a deal which is widely seen as testing the state of relations between Russia and the United States. “I think this deal (with Schlumberger) will have big problems,” Igor Artemyev, head of Russia's Federal Antimonopoly Service (FAS), told reporters.

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