Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $53.00 short call and a strike $58.00 long call offers a potential 11.86% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $53.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock rose above the $58.00 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
Stocks That Fell to 3-Year Lows in the Week of Nov. 2
Sat, 03 Nov 2018 21:54:19 +0000
Schlumberger Ltd, General Mills Inc., Dentsply Sirona Inc. and IBM have declined to their respective 3-year lows
Meet the CEO behind Houston's largest woman-owned business
Thu, 01 Nov 2018 16:31:44 +0000
Pamela Chambers O'Rourke started her company 20 years ago with $250,000 in capital and a drive to succeed.
Don't Write Off FANG: Cramer's ‘Mad Money' Recap (Wednesday 10/31/18)
Thu, 01 Nov 2018 00:15:00 +0000
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Rising Oil Rig Count Might Be a Problem for Oil
Tue, 30 Oct 2018 17:03:57 +0000
Last week, the oil rig count rose by 2 to 875, which is the highest it’s been in about 3.5 years. The count tends to follow US crude oil prices with a three-month to six-month lag. In February 2016, US crude oil prices fell to the lowest closing level in 12 years. Between February 11, 2016, and October 29, 2018, US crude oil active futures rose 155.8%.
The Risk/Reward Ratio Sets up a Perfect Trade Opportunity for CHK Stock
Mon, 29 Oct 2018 18:30:52 +0000
Like many stocks right now, Chesapeake Energy (NYSE:CHK) has been nothing to write home about. Its performance has been dismal at best, with CHK stock falling ~20% from this month’s highs and 18.5% from its highs this summer. Ideally, CHK stock would look better above $4.25, but near $4 isn’t the end of the world.
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