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Bullish Moving Average Cross by Schlumberger Ltd (SLB)

By Nick Russo

Today, shares of Schlumberger Ltd (NYSE:SLB) have advanced above their 10-day MA of $43.21 on a volume of 1.0 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Schlumberger Ltd has traded in a range of $34.99 to $75.43 and is now at $43.45, 24% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.7%.

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

Keywords: moving crosses schlumberger ltd

Ticker(s): SLB