SCHLUMBERGER LTD
(SLB-NYSE):
Technical Viewpoint: From a low
of $61.75 on Jul 26, 2004 prices
rallied, reaching a
high of $65.35
on Jul 28, 2004. A
decline saw prices pull back, reaching a
low of
$58.64 on Aug 17, 2004.
Another rally saw prices penetrate
resistance, closing 9/3/04
at $64.48. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 5, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $60.75. Resistance: Is at $65.22.
Point & Figure: Reversed to the upside on Aug 27, 2004. A P&F upside
reversal takes place at $62.25. Summary: Technical indicators have turned bullish. BUY! SCHLUMBERGER LTD
(SLB-NYSE) @ $64.75 Stop: Use a protective stop of $62.75.
SCHLUMBERGER LTD is currently trading @ $64.48 plus $1.36 on Sep 3, 2004. Price Objective:
$85.00. Risk/Reward: $2.50 VS. $20.25. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$85.00
Risk/Reward:
$2.50 VS. $20.25
Risk/Reward Ratio:
8:1
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