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SCHLUMBERGER LTD
(SLB-NYSE):
Technical Viewpoint: From a low
of $36.43 on Jul 24, 2002 prices
rallied, reaching a
high of $43.95
on Jul 31, 2002. A
decline saw prices pull back, reaching a
low of
$35.86 on Aug 7, 2002.
Another rally saw prices penetrate
resistance, closing 8/27/02
at $45.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 23, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42.25. Resistance: Is at $46.55.
Point & Figure: Reversed to the upside on Aug 22, 2002. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! SCHLUMBERGER LTD
(SLB-NYSE) @ $45.50 Stop: Use a protective stop of $43.50.
SCHLUMBERGER LTD is currently trading @ $45.19 plus $1.65 on Aug 26, 2002. Price Objective:
$58.00. Risk/Reward: $2.00 VS. $12.50. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$58.00
Risk/Reward:
$2.00 VS. $12.50
Risk/Reward Ratio:
6:1
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