Schlumberger N.V. (SLB) – stock is trading around $40.61 dollars as of January, 08, 2020 and offering a possible buying price between $39.56 – $41.54. Let’s look at the stocks technical actions using a weekly chart.
2. The stock was living well below the long term support 200 day moving average (DMA) line.
3. The stock also constantly ran into resistance at the 50 DMA short term support line.
4. The stock finally regained the 50 DMA line.
5. It also regained the 200 DMA line 4 weeks back or so.
6. The stock is offering possible buying price between $39.56 – $41.54, with a stop loss at $36.40.
This stock is already part of the Stocks Under 50 Dollars pick and performance will be tracked here .
Also do not forget to checkout the Stock Charts Gallery of annotated growth stock charts.
