Schlumberger (SLB) Offering Possible 17.37% Return Over the Next 27 Calendar Days

Schlumberger's most recent trend suggests a bullish bias. One trading opportunity on Schlumberger is a Bull Put Spread using a strike $35.00 short put and a strike $30.00 long put offers a potential 17.37% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.00 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock dropped below the $30.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Schlumberger is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Schlumberger is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Schlumberger

Baker Hughes Bounces Around Buy Point On Q4 Results; Schlumberger Earnings Due
Thu, 20 Jan 2022 21:05:57 +0000
U.S. rig counts are up by 228 vs. a year ago to 601, as Permian Basin output hits a record. That's good news for oil service giants Baker Hughes and Schlumberger.

Schlumberger Is Set to Rally Further as Oil Prices Climb
Thu, 20 Jan 2022 10:40:00 +0000
Oil services company Schlumberger Ltd is scheduled to report their earnings Friday morning. In this daily bar chart of SLB, below, we can see that SLB has been making higher lows and higher highs the past 12 months – the simple definition of an uptrend. The On-Balance-Volume (OBV) line shows a base the past five months and a move over the October high would be encouraging.

Is an Earnings Beat in Store for Schlumberger (SLB) in Q4?
Wed, 19 Jan 2022 17:04:05 +0000
Improved drilling operations by the explorers and producers are likely to have generated handsome cashflows for Schlumberger's (SLB) oilfield services in Q4.

Why Earnings Season Could Be Great for Schlumberger (SLB)
Wed, 19 Jan 2022 17:01:05 +0000
Schlumberger (SLB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Alpha Cubed Investments, LLC Buys Bank of America Corp, Best Buy Co Inc, ASML Holding NV, Sells …
Wed, 19 Jan 2022 14:38:28 +0000
Newport Beach, CA, based Investment company Alpha Cubed Investments, LLC (Current Portfolio) buys Bank of America Corp, Best Buy Co Inc, ASML Holding NV, Alphabet Inc, SPDR Dividend ETF, sells Walmart Inc, iShares 1-3 Year Treasury Bond ETF, Booking Holdings Inc, Penn National Gaming Inc, Fiserv Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Alpha Cubed Investments, LLC.

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