Schlumberger (SLB) Offering Possible 27.88% Return Over the Next 38 Calendar Days

Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 27.88% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $82.50 by expiration. The full premium credit of $1.09 would be kept by the premium seller. The risk of $3.91 would be incurred if the stock rose above the $87.50 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.

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 Slumps on Oil
Thu, 15 Jan 2015 04:45:59 GMT
The Wall Street Journal – Ahead of the Tape: Thursday’s fourth-quarter results will give a peek at the damage to the oil-field-services provider from the plunge in crude prices.

Crude oil prices and oil rigs influence each other
Wed, 14 Jan 2015 22:07:01 GMT

Gravy Train Derails for Oil Patch Workers Laid Off in Downturn
Wed, 14 Jan 2015 21:49:38 GMT

Schlumberger Earnings: What to Watch
Wed, 14 Jan 2015 20:14:47 GMT

Why crude oil prices concern oilfield service companies
Wed, 14 Jan 2015 20:07:01 GMT

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