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SCHLUMBERGER LTD
(SLB-NYSE):
Technical Viewpoint: From a low
of $38.01 on Oct 29, 2002 prices
rallied, reaching a
high of $43.70
on Nov 7, 2002. A
decline saw prices pull back, reaching a
low of
$38.88 on Oct 13, 2002.
Another rally saw prices penetrate
resistance, closing 12/2/02
at $46.11. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 23, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $44.00. Resistance: Is at $46.90.
Point & Figure: Reversed to the upside on Nov 21, 2002. A P&F upside
reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! SCHLUMBERGER LTD
(SLB-NYSE) @ $46.50 Stop: Use a protective stop of $44.50.
SCHLUMBERGER LTD is currently trading @ $46.11 plus $1.86 on Dec 2, 2002. Price Objective:
$61.00. Risk/Reward: $2.00 VS. $14.50. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$61.00
Risk/Reward:
$2.00 VS. $14.50
Risk/Reward Ratio:
7:1
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