SCL trade ideas
beautiful winVery nice win here on this one. over 100% gainer so far 40.00 Final PT but take profits as you go
Energy names interesting$SLB $HAL $XOP $OXY $XLE all very interesting setups. Big moves coming, possibly news or buyouts
SLB(W) AB=CD Crab ED DB RSI(+)SLB(W) AB=CD Crab ED DB RSI(+)
ED Ending Diagonal
DB Double Bottom
Recovery post 2009 Lows
Double bottom possible Another energy name with a possible double bottom on weekly, needs to break but a good r/r for calls
Long SLB Short VLO Nice pair trade based on RRCompleting 5 down with nice bullish divergence on 2H 4h
$SLB Buyers jump into SchlumbergerPossible entry on break out from channel @ $38 with $48 upside very achievable.
the bottom may be in at last for this sector, this week has seen very nice volume and advances even as Oil prices have dropped and many downgrades have issued.
Average analysts price target $42.53 | Overweight
Company profile
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: Reservoir Characterization, Drilling, Production, Cameron and Elimination and other. The Reservoir Characterization Group segment consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group segment includes the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs and integrated drilling services. The Production Group segment provides technologies in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. The Cameron Group segment consists of the pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.
$SLB The bottom may be in Schlumberger Possible entry level @ $33 with $39 target price at major resistance.
Chart has formed a bullish bottom and volume has had a considerable increase.
RSI bullish as is MACD cross with Histogram ticking higher & green.
Average analysts price target $42.57 | Overweight
Company profile
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: Reservoir Characterization, Drilling, Production, Cameron and Elimination and other. The Reservoir Characterization Group segment consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group segment includes the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs and integrated drilling services. The Production Group segment provides technologies in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. The Cameron Group segment consists of the pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston.
noticing key buying areaslooking at 2 ranges from a put position to a current long position. setting my self up now for earnings. should be interesting
SLB to bounce or to break. Possibly to bounceThe price bounces between resistance and support, and there is a likeliness of the price to bounce once more before making a big move.
shortLooking for continued shorting. Broke back into long term down trend and filled gap which is now resistance. High chance that this continues to the downside
Schlumberger update inverse H&SMarket cap in S&P500 is 52.22B. Company supplies technology for drilling, production and processing in oil and gas industry.
Major banks and investment funds expect the price to go back above the $50 level. As many oil and gas companies, this stock had a bad year after the sell off in oil at the end of 2018. Now as oil seems to be recovering and uncertainty in Middle East puts supply into question, this stock could bounce.
On the technical side price reached a weekly trend line (see in the comments). Daily chart shows a potential inverse head and shoulders pattern forming. Divergence on indicators is present. Another pullback from the 200SMA before we spike. That would offer the best risk-reward trade. Increase in volume on spike to the upside would be first confirmation, then of course the break of red resistance zone and 200SMA.
Good Luck!
Schlumberger surges despite downgrade. The energy sector is a major benefactor from the rotation out of tech in recent days, as optimism over trade and dwindling recession fears has put the spotlight on this beaten down energy sector. Our bullish bias on SLB is confirmed by the fact it was able to shrug of a downgrade and post a gain for the day on Monday.
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: Reservoir Characterization, Drilling, Production, Cameron and Elimination and other. The Reservoir Characterization Group segment consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group segment includes the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs and integrated drilling services. The Production Group segment provides technologies in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. The Cameron Group segment consists of the pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.
Long at 32-33Not confirmed abt 45+ long term but 40+ sure confirmed game. Let RSI move down lit bit more and touch yellow line. Then go long
$SLB earnings beat fails to impress investorsDespite naming a new CEO and a consistent earnings beat the selling continues as the bears remain in full control. Technically the chart is bearish and sentiment in the sector shows no signs of improvement.
NYSE:SLB met expectations for 35 cents per share in its Q2 earnings report, while $8.27 billion in revenues beat estimates by 1.9%. Like with AmEx, Schlumberger has now posted a positive surprise in three of the last four quarters.
AVERAGE ANALYSTS PRICE TARGET $48
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 50
SHORT INTEREST 11%
COMPANY PROFILE
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: Reservoir Characterization, Drilling, Production, Cameron and Elimination and other. The Reservoir Characterization Group segment consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group segment includes the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs and integrated drilling services. The Production Group segment provides technologies in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. The Cameron Group segment consists of the pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in
SLB Update Pullback Bullish overall!!!The green lines are support the Red lines are resistance but overal the arrow shows the trend. Remember I am not a financial advisor.
