Schlumberger (SLB) Offering Possible 9.65% Return Over the Next 23 Calendar Days

Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $65.00 short call and a strike $70.00 long call offers a potential 9.65% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $4.56 would be incurred if the stock rose above the $70.00 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 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

A Look at Schlumberger’s Short Interest on August 18
Mon, 21 Aug 2017 19:06:03 +0000
Short interest in Schlumberger (SLB) as a percentage of its float was ~1.6% on August 18, 2017, which was a marginal increase compared to June 30, 2017.

Schlumberger’s 7-Day Stock Price Forecast on August 18
Mon, 21 Aug 2017 17:36:00 +0000
On August 18, 2017, Schlumberger’s (SLB) implied volatility was 19.2%.

What Was Schlumberger’s 1-Year Return on August 18?
Mon, 21 Aug 2017 16:04:54 +0000
Schlumberger’s (SLB) one-year stock price has fallen 24% through August 18, 2017. In this series, we'll look at short interest in Schlumberger and its correlation with crude oil.

Argus Initiates Baker Hughes At Buy, Sees 32% Upside From Here
Mon, 21 Aug 2017 14:40:13 +0000
The new Baker Hughes, a GE company Class A (NYSE: BHGE ) is off to a bumpy start. The company, a union between oil services giant Baker Hughes and the oil & gas division of General Electric Company (NYSE: …

Why Is Schlumberger (SLB) Down 6% Since the Last Earnings Report?
Mon, 21 Aug 2017 10:28:10 +0000
Schlumberger (SLB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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