Schlumberger’s most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $95.00 short call and a strike $100.00 long call offers a potential 13.38% 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 $95.00 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.41 would be incurred if the stock rose above the $100.00 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 61.93 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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Fri, 25 Oct 2013 17:22:05 GMT
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Company Profile for Schlumberger Limited
Fri, 25 Oct 2013 14:40:00 GMT
Business Wire – Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Empl
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