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.
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
Why oilfield service companies aren’t very bullish on rig counts
Fri, 25 Oct 2013 17:22:05 GMT
Market Realist – US oil and natural gas rigs can signal upstream energy company sentiment. But rig counts have been flat-to-down, while producers are still relatively sanguine.
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
Tuscany International Drilling, Inc: Safety margin and support
Fri, 25 Oct 2013 13:00:05 GMT
Market Realist – Tuscany International Drilling, Inc.: Margin of safety and operational support Tuscany’s asset base consists primarily of drill rigs, which are currently selling for a substantial discount to competitors. …
James C. West: Positive 2014 Outlook For Oil And Gas
Fri, 25 Oct 2013 11:02:26 GMT
Seeking Alpha – James C. West, lead oil services and drilling analyst at Barclays Capital, is seeing incredible growth ahead for oil production around the world. In this interview with The Energy Report , West explains …
Tuscany International Drilling, Inc.: Financial snapshot
Thu, 24 Oct 2013 21:36:03 GMT
Market Realist – Tuscany International Drilling, Inc.: Financial snapshot Tuscany has a short operating history, but based on the previous few quarters and discussions with management, we have a sense of what the…
Also on Market Tamer…
Follow Us on Facebook