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Crude Oil Takes This Oil Services Stock Down,

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Schlumberger annonce une téléconférence sur ses résultats du deuxième trimestre 2019 Business Wire - 6/11/2019 12:59:00 PM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 6/7/2019 1:02:32 PM
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Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/3/2019 5:49:25 PM
シュルンベルジェ、2019年第1四半期の業績を発表 Business Wire - 5/3/2019 5:45:00 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/3/2019 5:43:25 PM
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Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/3/2019 5:26:23 PM
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Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 4/29/2019 4:39:11 PM
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Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3) of the Exchange Act (irannotice) Edgar (US Regulatory) - 4/24/2019 11:40:54 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 4/24/2019 11:27:53 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 4/23/2019 4:47:35 PM
Schlumberger gibt Ergebnisse des ersten Quartals 2019 bekannt Business Wire - 4/23/2019 10:53:00 AM
ITMS Member Level  Thursday, 05/04/17 12:41:49 PM
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Crude Oil Takes This Oil Services Stock Down, Watch This Trade Level

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


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