Schlumberger (SLB) Offering Possible 28.87% Return Over the Next 15 Calendar Days

Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $109.00 short call and a strike $114.00 long call offers a potential 28.87% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $109.00 by expiration. The full premium credit of $1.12 would be kept by the premium seller. The risk of $3.88 would be incurred if the stock rose above the $114.00 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 23.6 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Schlumberger

Must know: Schlumberger’s capex plans and industry outlook
Fri, 01 Aug 2014 21:00:05 GMT

Why North American operations drive Schlumberger’s growth
Fri, 01 Aug 2014 17:00:07 GMT

Overview: Schlumberger’s Production group
Fri, 01 Aug 2014 13:00:08 GMT

Mairs & Power Balanced Fund Second Quarter 2014 Commentary
Thu, 31 Jul 2014 22:52:27 GMT

Overview: Schumberger’s Drilling group
Thu, 31 Jul 2014 21:00:11 GMT

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