Our stock screener has spotted SCHLUMBERGER LTD (NYSE:SLB) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NYSE:SLB.
Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.
Taking everything into account, SLB scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SLB has proven to be a steady performer, scoring decent points in every aspect analyzed.
ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:SLB scores a 8 out of 10:
SLB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.
This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.
Our Breakout analyzer lists more breakout setups and is updated daily.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
Let's have a look at the top S&P500 gainers and losers in the middle of the day of today's session.
Let's have a look at the S&P500 gap up and gap down stocks in today's session.
As promised during yesterday’s The FLOW show, I’m following up on a possible trade idea we discussed. However, after Strazza and I put our heads together with the rest of the Analyst team this morning, we’re going to attack an opportunity in Schlumberger $SLB from a different angle — one that can be rewarding regardless […]
These energy and industrial stocks offer a blend of growth and value at an affordable price.
Concern over peak oil prices is a thing of the past as there is more demand than the industry knows what to do with now.
The energy boom is back, and oil-and-gas industry supplier NOV is capitalizing on the uptrend. The stock's January performance outpaced the broader industry.
SLB (SLB) warned of business risks associated with additional sanctions on Russia, according to a new 10-K filing Wednesday, even as its revenue in the country continued to rise