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Bearish Moving Average Cross by Schlumberger (SLB)

By Amy Schwartz

Today, shares of Schlumberger (NYSE:SLB) have fallen below their 10-day MA of $75.74 on a volume of 1.5 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Schlumberger have traded between a low of $59.60 and a high of $94.41 and are now at $75.20, which is 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Schlumberger and will alert subscribers who have SLB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Schlumberger

Ticker(s): SLB