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Schlumberger Ltd: New 52-Week Low Set Today (SLB)

By David Diaz

Schlumberger Ltd (NYSE:SLB) traded at a new 52-week low today of $64.04. So far today approximately 637,000 shares have been exchanged, as compared to an average 30-day volume of 8.5 million shares.

Schlumberger Ltd share prices have moved between a 52-week high of $87.84 and the current low of $64.04 and are currently at $64.40 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.2%.

Schlumberger Ltd (NYSE:SLB) has potential upside of 30.7% based on a current price of $64.40 and analysts' consensus price target of $84.19. Schlumberger Ltd shares should first meet resistance at the 200-day moving average (MA) of $74.48 and find additional resistance at the 50-day MA of $75.25.

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.

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