Schlumberger Offering Possible 12.11% Return Over the Next 26 Calendar Days

Schlumberger’s most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $92.50 short call and a strike $97.50 long call offers a potential 12.11% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $92.50 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock rose above the $97.50 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 at 41.46 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Schlumberger

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Mon, 25 Nov 2013 16:08:00 GMT – Managed Shale is the notion where oilfield service (OFS) companies take on additional reservoir and project management risk in order to bolster results. With the proliferation of the Shale Revolution much of the risk on the exploration and production (E&P) side of the business has waned, and the onus to deliver better wells and reduce nonproductive time has shifted swiftly to the OFS companies. This has transformed the role of the E&P from risk-taker to asset manager, a role which OFS companies are better suited to fill due to their superior technology and access to data. We therefore believe that OFS companies are going to undertake additional risk in order to drive bottom-line results in their individual organizations.

There Could be a Value Play in the Oilfield Services Sector
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24/7 Wall St. – The drilling boom in the U.S. has become something of a mixed blessing for the country’s largest oilfield services companies. Demand for rigs and other services has swelled, but increased competition has …

Energy bulls pile into Schlumberger
Thu, 21 Nov 2013 17:01:34 GMT
optionMONSTER – Energy is coming back to life, and the paper is flowing in Schlumberger. optionMONSTER’s Heat Seeker monitoring program detected the purchase of 5,000 January 92.50 calls for $2.08 and the sale of an equal …

Must-know: US oil rig counts are up for the 3rd week in a row
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Market Realist – U.S. oil rigs have risen for the past three weeks, though commodity prices have been flat or lower and winter usually means lower drilling activity.

How Might an Iran Deal Worsen Iraq’s Increasing Energy Chaos?
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Motley Fool – With oil and gas companies pulling back in Iraq, it’s hard to see how a deal with Iran could be at all beneficial, either to those companies or to the war-torn country.

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