SLB Shortwe can see cross-two MA for this underlying. This makes my idea to short it if it could not break above the moving averages. Personally, I think SLB can start turn into a downtrend
Key stats
Market capitalization
58.098BCHF
Dividends yield (FY)
2.24%
Price to earnings Ratio (TTM)
22.779
Basic EPS (TTM)
2.254CHF
About SCHLUMBERGER LTD REG. SHARES DL -,01
ISIN
AN8068571086
Sector
Industrial Services
Industry
Contract Drilling
Website
slb.com
CEO
Olivier Le Peuch
Headquarters
Houston
Employees
99K
Founded
1926
Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems. The Digital and Integration segment combines the company’s digital solutions and data products with its Asset Performance Solutions (APS). The Reservoir Performance segment consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. The Well Construction segment includes the full portfolio of products and services to optimize well placement and performance, maximize drilling efficiency, and improve wellbore assurance. The Production Systems segment develops technologies and provides expertise that enhance production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.
Ugly reversalTop chat in the weekly time, bottom chart in the daily timeframe,. Looks that price is heading to the $47 support level. It may drop to the bottom of the channel but the energy sector still strong. I take profit at 47, then I'll see.
SHORT SLB - (ascending triangle+waveC)Last weeks SLB has significant growth, time to cool down. There is huge year ascending triangle with fake breakthrough, elliot waves show correction phase abc.
Use 50% entry at half of wave 5 = 57.25, add another 50% at 59.
$SLB : outperforming stock in strong sectorSLB consolidating inside an ascending triangle with possible breakout to ATH (all time high) levels above $56
Shrinking Volumes with price in consolidation showing base formation for breakout to higher levels
SLB is an outperforming stock in a strong sector $SPN
$SLB with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $SLB after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
SLB D1 –rejection from W1 supply, and from TLSLB D1 –rejection from W1 supply, and from TL. Earnings are coming up.SLB D1 –rejection from W1 supply, and from TL. Earnings are coming up.
Bullish inverted head and shoulders pattern SLB Bullish inverted head and shoulders pattern for SLB , lets see how it plays out.
SLB BreakoutNYSE:SLB closed above the area of value yesterday, it opened above this level. Yesterday's volume was above average. Note that it's CPI day today, anything is possible.
$SLB VCP$SLB setting up a 6 wk - 16.4/3.4 - 3T VCP pattern.
Its industry RS is currently #1
Composite and RS rating >90
Falls under the criteria of @markminervini's Code 33 screen: 3 straight quarters of accelerating earnings, sales and margins.
Variety/Targets BelowA variety of patterns.
Possible Bull Flag, possible cup and a large Rising Wedge that encompasses the trend on the recent chart.
The rising wedge (bearish if broken) is not valid as the bottom trendline has not been broken and has acted as a support line.
Price can break up from a wedge even if it
See all ideas
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