Schlumberger (SLB) Offering Possible 39.28% Return Over the Next 22 Calendar Days

Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $69.00 short call and a strike $74.00 long call offers a potential 39.28% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $69.00 by expiration. The full premium credit of $1.41 would be kept by the premium seller. The risk of $3.59 would be incurred if the stock rose above the $74.00 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 66.35 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

Forecasting Schlumberger’s Stock Price
Tue, 24 Apr 2018 18:20:02 +0000
Between January 19 and April 20, when Schlumberger (SLB) announced its 4Q17 and 1Q18 financial results, its implied volatility rose to 24.1% from 21%, and its stock price fell ~9%. SLB comprises 3.0% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES), which provides exposure to the oil and gas equipment and service segment of the energy sector. XES has fallen ~10% since January 19. Schlumberger’s seven-day stock price forecast

Could Halliburton’s Returns Improve after 1Q18?
Tue, 24 Apr 2018 17:20:02 +0000
Halliburton (HAL) released its financial results for 1Q18 on April 23. that day, HAL’s stock price reacted positively, rising 0.2% to $52.05. Its earnings beat estimates, and significantly higher revenue from its North American operations backed investors’ renewed interest in HAL’s outlook, which may have provided a tailwind to HAL’s stock price. West Texas Intermediate crude oil rose 0.7%. 

What Are Baker Hughes’s Growth Prospects in 2018?
Tue, 24 Apr 2018 16:50:23 +0000
Baker Hughes (BHGE) released its financial information for 1Q18 on April 20. Immediately following the earnings release, Baker Hughes stock reacted positively. The stock increased 0.8% to $33.99 from the previous day’s close. The VanEck Vectors Oil Services ETF (OIH) decreased 0.7% on the same day. OIH tracks an index of 25 oilfield equipment and services companies.

Schlumberger’s Returns and Growth Estimates after 1Q18
Tue, 24 Apr 2018 16:50:10 +0000
Schlumberger (SLB) released its 1Q18 results on April 20. Its stock price reacted negatively immediately following the earnings release, falling 1.5% to close at $69.23.

Analyzing Schlumberger’s Revenue and Earnings in 1Q18
Tue, 24 Apr 2018 15:15:45 +0000
Schlumberger (SLB) released its 1Q18 financial results on April 20. For more about SLB’s 1Q18 earnings, read Market Realist’s Schlumberger Reports 1Q18 Earnings, Beats Estimates.

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