Schlumberger’s most recent trend suggests a bearish bias. One trading opportunity on Schlumberger is a Bear Call Spread using a strike $69.00 short call and a strike $74.00 long call offers a potential 20.48% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $69.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $74.00 long call 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 down which suggests that the medium-term momentum for Schlumberger is bearish.
The RSI indicator is at 38.71 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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Schlumberger (SLB) to Exit From OneLNG JV, Fortuna Project
Fri, 01 Jun 2018 14:22:02 +0000
Schlumberger (SLB) holds 49% stake in the OneLNG JV, which has 66.2% interest in the Joint Operating Company, created to develop the offshore Fortuna FLNG project.
Should Income Investors Buy Schlumberger Limited (NYSE:SLB) Before Its Ex-Dividend?
Fri, 01 Jun 2018 12:26:23 +0000
Attention dividend hunters! Schlumberger Limited (NYSE:SLB) will be distributing its dividend of $0.5 per share on the 13 July 2018, and will start trading ex-dividend in 3 days time onRead More…
Why Golar LNG Stock Is Down after First-Quarter Earnings
Thu, 31 May 2018 16:08:32 +0000
Golar LNG (GLNG) released its first-quarter results today. The company’s stock price was down more than 16% in the early hours of the market.
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