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Recent 52-Week Low Surpassed in Shares of Schlumberger Ltd (SLB)

By James Quinn

Schlumberger Ltd (NYSE:SLB) traded today at a new 52-week low of $33.49. Approximately 2.4 million shares have changed hands today, as compared to an average 30-day volume of 9.6 million shares.

Potential upside of 139.7% exists for Schlumberger Ltd, based on a current level of $33.49 and analysts' average consensus price target of $80.27. The stock should find initial resistance at its 50-day moving average (MA) of $38.00 and further resistance at its 200-day MA of $42.02.

Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management, and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys.

In the past 52 weeks, shares of Schlumberger Ltd have traded between the current low of $33.49 and a high of $66.04 and are now at $33.49. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Schlumberger Ltd. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Schlumberger Ltd in search of a potential trend change.

Keywords: 52 week high/lows schlumberger ltd

Ticker(s): SLB