SCHLUMBERGER LTD
(SLB-NYSE):
Technical Viewpoint: From a low
of $45.95 on Nov 24, 2003 prices
rallied, reaching a
high of $56.24
on Nov 30, 2003. A
decline saw prices pull back, reaching a
low of
$52.53 on Jan 16, 2004.
Another rally saw prices penetrate
resistance, closing 1/20/04
at $55.63. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 5, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $53.00. Resistance: Is at $56.24.
Point & Figure: Reversed to the upside on Jan 20, 2004. A P&F upside
reversal takes place at $54,00. Summary: Technical indicators have turned bullish. BUY! SCHLUMBERGER LTD
(SLB-NYSE) @ $56.13 Stop: Use a protective stop of $53.63.
SCHLUMBERGER LTD is currently trading @ $55.63 plus $1.74 on Jan 20, 2004. Price Objective:
$66.00. Risk/Reward: $2.50 VS. $9.87. Today's Risk Reward Ratio: 4:1
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