Schlumberger Bearish Moving Average Crossover Alert (SLB)
Today, shares of Schlumberger (NYSE:SLB) have crossed bearishly below their 10-day moving average of $81.07 on a volume of 1.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Schlumberger share prices have moved between a 52-week high of $94.41 and a 52-week low of $59.60 and are now trading 36% above that low price at $80.93 per share. Over the past week, 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