Schlumberger (SLB) Offering Possible 27.55% Return Over the Next 24 Calendar Days

Schlumberger's most recent trend suggests a bullish bias. One trading opportunity on Schlumberger is a Bull Put Spread using a strike $110.00 short put and a strike $105.00 long put offers a potential 27.55% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock dropped below the $105.00 long put 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 up which suggests that the medium-term momentum for Schlumberger is bullish.

The RSI indicator is at 66.42 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

Must-know: Why US rigs lost the most in 11 months
Wed, 27 Aug 2014 20:07:08 GMT

SCHLUMBERGER LTD /NV/ Files SEC form 8-K, Regulation FD Disclosure
Tue, 26 Aug 2014 18:01:20 GMT

Schlumberger Introduces Petrel Shale for Unconventional Resources
Tue, 26 Aug 2014 17:33:05 GMT
noodls – First shale-specific software to offer an end-to-end workflow from exploration to production DENVER, August 26, 2014-Schlumberger announced today the release of Petrel Shale, a customized user interface …

Why TheStreet Ratings Team Rates Schlumberger (SLB) Stock a ‘Buy'
Tue, 26 Aug 2014 15:53:00 GMT

Insider Trading Alert – ALTR, SLB And SHOO Traded By Insiders
Tue, 26 Aug 2014 15:30:00 GMT

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