SCHLUMBERGER LTD
(SLB-NYSE):
Technical Viewpoint: From a low
of $42.10 on Nov 15, 2001 prices
rallied, reaching a
high of $53.70
on Dec 5, 2001. A
decline saw prices pull back, reaching a
low of
$49.80 on Dec 13, 2001.
Another rally saw prices penetrate
resistance, closing 12/26/01
at $55.89. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 3, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $50.25. Resistance: Is at $56.90.
Point & Figure: Reversed to the upside on Dec 19, 2001. A P&F upside
reversal takes place at $53.25. 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 @ $55.89 plus $2.79 on Dec 26, 2001. Price Objective:
$73.00. Risk/Reward: $2.50 VS. $16.88. 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:
$73.00
Risk/Reward:
$2.50 VS. $16.88
Risk/Reward Ratio:
7:1
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