Schlumberger (SLB) Offering Possible 19.62% Return Over the Next 20 Calendar Days

Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $64.00 short call and a strike $69.00 long call offers a potential 19.62% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $64.00 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $4.18 would be incurred if the stock rose above the $69.00 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 20.52 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Schlumberger

Schlumberger NV :SLB-US: Earnings Analysis: Q3, 2017 By the Numbers : October 26, 2017
Thu, 26 Oct 2017 13:05:43 +0000
Categories: Yahoo FinanceGet free summary analysis Schlumberger NV reports financial results for the quarter ended September 30, 2017. We analyze the earnings along side the following peers of Schlumberger NV – Halliburton Company (HAL-US) that have also reported for this period. Highlights Summary numbers: Revenues of USD 7905 million, Net Earnings of USD 545 million. Gross margins … Read more
(Read more…)

4 Things Schlumberger Thinks You Ought to Know
Thu, 26 Oct 2017 10:04:00 +0000
When Schlumberger's management talks about the industry outlook, investors should listen.

Schlumberger filing raises chance of asset hit from Venezuela
Wed, 25 Oct 2017 21:50:05 +0000
Schlumberger, the world's largest oilfield service provider, on Wednesday raised the prospect of an impairment charge for past work with Venezuela's state-run oil company. Schlumberger has $500 million in overdue bills and holds promissory notes received this year from Venezuela in payment for other services that it valued at about $200 million at Sept. 30. “If conditions in Venezuela worsen, Schlumberger may be required to record adjustments to the carrying value of these assets,” the company said in a Wednesday filing with the U.S. Securities and Exchange Commission.

Energy Stock Q3 Earnings Roster for Oct 26: VLO, MPC & More
Wed, 25 Oct 2017 13:30:01 +0000
Energy companies are expected to gain momentum from the recovery in commodity prices and improving activities.

The Zacks Analyst Blog Highlights: Schlumberger, Halliburton, Transocean, BHP Billiton and Core Laboratories
Wed, 25 Oct 2017 10:22:10 +0000
The Zacks Analyst Blog Highlights: Schlumberger, Halliburton, Transocean, BHP Billiton and Core Laboratories

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