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Bullish Moving Average Cross by Schlumberger (SLB)

By James Quinn

Schlumberger (NYSE:SLB) shares have crossed bullishly above their 10-day moving average of $74.26 on a volume of 1.4 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Schlumberger has traded in a range of $59.60 to $94.41 and is now at $74.94, 26% above that low. 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 monitoring the recent change of momentum in Schlumberger. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Schlumberger in search of a potential trend change.

Keywords: moving crosses Schlumberger

Ticker(s): SLB