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Schlumberger Bullish Moving Average Crossover Alert (SLB)

By James Quinn

Today, shares of Schlumberger (NYSE:SLB) have advanced above their 10-day MA of $76.81 on a volume of 1.2 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 has traded in a range of $59.60 to $94.41 and is now at $77.22, 30% above that low. The 200-day and 50-day moving averages have moved 0.19% lower and 0.43% higher over the past week, respectively.

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