Schlumberger Ltd (SLB) Chart – July 2, 2009
I charted Schlumberger Ltd (NYSE:SLB) at 10:36 am today.
Opinion – SLB gapped down and has broken support of its 10, 20 and 50 day moving averages lately, but it has three trend lines showing support just above $51.00. I’m long with July 55 covered calls on it still and holding steady for now.
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Comment by Ronan
What are your thought of RIG. I was looking at SLB, RIG and HAL today. I ended up selling a RIG Aug 65 Put though.
Comment by Alex F
I’d put them all in a similar basket where the price oil dictates a lot of the price movement. I think RIG can be good, but I’m not venturing that way since I’m in on SLB already.