Thursday, May 04, 2017 12:41:49 PM
Today, crude oil is tumbling lower by more than 2.0 percent to $45.75 a barrel. The recent fall in oil prices has certainly hurt many of the leading energy stocks. The oil services sector has been hit particularly hard recently. This industry group can be followed by tracking the VanEck Vectors Oil Services ETF (NYSEARCA:OIH). This ETF is now nearing major support on the charts.
One leading oil services stock that has fallen sharply has been Schlumberger Limited (NYSE:SLB). This stock has been falling since the start of 2017 when it traded as high as $87.84 a share. Today, SLB stock is trading around $70.55 a share. This stock has a very attractive support level around the $70.00 area. This is an area where the stock broke out in January 2016. Often, past breakout points are very good support levels when retested.
Nicholas Santiago
InTheMoneyStocks
Recent SLB News
- ChampionX Reports First Quarter 2024 Results • GlobeNewswire Inc. • 04/24/2024 09:00:00 PM
- SLB、2024年第1四半期業績を発表、2024~2025年に70億ドルの株主還元を目指す • Business Wire • 04/23/2024 11:54:00 AM
- SLB gibt Ergebnisse für das erste Quartal 2024 bekannt und will im Zeitraum 2024-2025 $7 Milliarden an die Aktionäre zurückgeben • Business Wire • 04/23/2024 01:52:00 AM
- U.S. Index Futures Decline Amid Israel-Iran Tensions • IH Market News • 04/19/2024 11:32:51 AM
- SLB Announces First-Quarter 2024 Results, Targeting to Return $7 Billion to Shareholders Over 2024–2025 • Business Wire • 04/19/2024 10:50:00 AM
- SLB Announces First-Quarter 2024 Results, Targeting to Return $7 Billion to Shareholders Over 2024–2025 • Business Wire • 04/19/2024 10:50:00 AM
- SLB、ペトロブラスのブジオス鉱区に対する仕上げ契約を3件獲得 • Business Wire • 04/16/2024 01:01:00 AM
- SLB erhält drei Aufträge für Fertigstellungen im Petrobras-Ölfeld Búzios • Business Wire • 04/15/2024 09:32:00 PM
- SLB Awarded Three Completion Contracts for Petrobras’ Buzios Field • Business Wire • 04/15/2024 01:00:00 PM
- SLB Awarded Three Completion Contracts for Petrobras’ Buzios Field • Business Wire • 04/15/2024 01:00:00 PM
- SLB、ChampionXを全株式取引で買収する契約を発表 • Business Wire • 04/04/2024 12:43:00 PM
- SLB kündigt Vereinbarung zur Übernahme von ChampionX in einer Aktientransaktion an • Business Wire • 04/03/2024 01:01:00 PM
- Cal-Maine Surges on Strong Quarterly Performance, Taiwan Earthquake Disrupts Tech Supply Chain, and More • IH Market News • 04/03/2024 11:12:20 AM
- SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction • GlobeNewswire Inc. • 04/02/2024 11:37:39 AM
- SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction • Business Wire • 04/02/2024 11:31:00 AM
- SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction • Business Wire • 04/02/2024 11:30:00 AM
- SLB meldet Vereinbarung der Übernahme einer Mehrheitsbeteiligung an Aker Carbon Capture • Business Wire • 03/28/2024 10:57:00 AM
- SLB、 Aker Carbon Captureの過半数株式の取得について合意したと発表 • Business Wire • 03/28/2024 10:57:00 AM
- SLB宣布已達成收購Aker Carbon Capture多數股權的協議 • Business Wire • 03/28/2024 10:56:00 AM
- SLB、2024年第1四半期の業績に関するカンファレンスコールを発表 • Business Wire • 03/28/2024 08:39:00 AM
- SLB kündigt Telefonkonferenz zu den Ergebnissen des ersten Quartals 2024 an • Business Wire • 03/28/2024 02:16:00 AM
- SLB Announces Agreement to Acquire Majority Ownership in Aker Carbon Capture • Business Wire • 03/27/2024 11:33:00 PM
- SLB Announces Agreement to Acquire Majority Ownership in Aker Carbon Capture • Business Wire • 03/27/2024 11:32:00 PM
- SLB Announces First-Quarter 2024 Results Conference Call • Business Wire • 03/27/2024 05:00:00 PM
- SLB Announces First-Quarter 2024 Results Conference Call • Business Wire • 03/27/2024 05:00:00 PM
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM