BUY! SCHUMBERGER LTD (SLB) NYSE

  Report No. 741    Analysis by: Harry Aloof     MARCH 4, 1999

SCHUMBERGER LTD (SLB-NYSE): Technical Viewpoint: From a low of $45.44 on Jan 29, 1999 prices rallied, reaching a high of $53.00 on Feb 5, 1999. A decline saw prices pull back, reaching a low of $47 5/8 on Feb 24, 1999. Another rally saw prices penetrate resistance, closing 3/3/99 at $51 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 3, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $48.00. Resistance: Is at $53.00. Point & Figure: Reversed to the upside on Mar 3, 1999. A P&F upside reversal takes place at $49 1/2. Summary: Technical indicators have turned bullish. BUY! SCHUMBERGER LTD (SLB-NYSE) @ $52 1/4 Stop: Use a protective stop of $49 3/4. SCHUMBERGER LTD is currently trading @ $51 3/4 plus $2 1/4 on Mar 3, 1999. Price Objective: $67.00. Risk/Reward: $2 1/2 VS. $14 3/4. Today's Risk Reward Ratio: 6:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$67.00 Risk/Reward:
$2 1/2 VS. $14 3/4 Risk/Reward Ratio:
6:1
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