• Return to Headlines

Next Resistance Level for Schlumberger Ltd (SLB) is $35.20

By Amy Schwartz

Shares of Schlumberger Ltd (NYSE:SLB) have bullishly opened above the pivot of $33.98 today and have reached the first resistance level of $34.70. Investors may be interested in a cross of the next upside pivot targets of $35.20 and $36.42.

Schlumberger Ltd share prices have moved between a 52-week high of $63.65 and a 52-week low of $31.03 and are now trading 11% above that low price at $34.53 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 0.7%.

Schlumberger Ltd (NYSE:SLB) has potential upside of 132.5% based on a current price of $34.53 and analysts' consensus price target of $80.27. The stock should find initial resistance at its 50-day moving average (MA) of $36.62 and further resistance at its 200-day MA of $40.48.

SmarTrend recommended that its subscribers protect gains by selling shares of Schlumberger Ltd on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $37.96. Since that call, shares of Schlumberger Ltd have fallen 9.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts schlumberger ltd

Ticker(s): SLB