Schlumberger's most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $61.50 short call and a strike $66.50 long call offers a potential 9.41% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $61.50 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock rose above the $66.50 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 25.03 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
Ophir takes $310 million LNG project charge, shifts to Asia
Thu, 13 Sep 2018 07:42:07 +0000
The oil and gas producer also announced job cuts and said it would shift its headquarters to Asia, where it recently acquired new assets and where a new chief executive would be based. Ophir's shares were almost 4 percent lower at 0730 GMT at 36.39 pence. Its share price has fallen by more than 50 percent since the start of the year, due largely to its failure to progress with the LNG project.
Why Oil Rigs Might Help Oil Prices Rebound
Tue, 11 Sep 2018 17:49:18 +0000
In the week ended September 7, the oil rig count fell by two to 860, nine less than its 3.5-year high.
Schlumberger (SLB) Slips to 52-Week Low: Can it Bounce Back?
Tue, 11 Sep 2018 14:22:02 +0000
While Schlumberger (SLB) is currently being hit by pipeline constraints in Permian, the company's wider international presence and healthy balance sheet can help lift the stock from its low levels.
Rising Costs Weigh On Permian Gas Production
Mon, 10 Sep 2018 20:00:00 +0000
Permian gas growth is slowing as producers struggle with rising costs, logistic difficulties, and a shortage of pipeline capacity
Avoid Schlumberger, Even at This Price
Mon, 10 Sep 2018 17:51:52 +0000
Short term, oil and gas may still have legs thanks to a turnaround in government policy, but companies within the sector will only experience lower sales and profit, and eventually become uneconomical. Schlumberger (SLB) is the world's leading provider of technology for drilling, production and processing to the oil and gas industry. Warning! GuruFocus has detected 3 Warning Signs with SLB.
Also on Market Tamer…
Follow Us on Facebook