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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$67.00
Risk/Reward:
$2 1/2 VS. $14 3/4
Risk/Reward Ratio:
6:1
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