Schlumberger (SLB) Offering Possible 18.76% Return Over the Next 24 Calendar Days

Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $114.00 short call and a strike $119.00 long call offers a potential 18.76% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $114.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock rose above the $119.00 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 29.12 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

SCHLUMBERGER LTD /NV/ Files SEC form 10-Q, Quarterly Report
Wed, 23 Jul 2014 15:58:59 GMT

Schlumberger's Earnings Downfall Should Not Concern Long-Term Investors
Wed, 23 Jul 2014 13:56:12 GMT

Halliburton’s Dream Run Continues
Tue, 22 Jul 2014 14:58:00 GMT

Schlumberger – Multiple Opportunities Ahead
Tue, 22 Jul 2014 06:32:53 GMT

Fast Money Final Trade: BIDU, TWTR, CMLS, SLB
Mon, 21 Jul 2014 21:58:00 GMT
CNBC – The Fast Money traders share their final trades of the day.

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