Schlumberger Stock Shows Rising Relative Strength, Earns Upgrade

On Monday, Schlumberger (SLB) earned an upgrade to its Relative Strength (RS) Rating, from 90 to 93.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating measures technical performance by showing how a stock’s price action over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating north of 80 as they launch their largest price moves.

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Schlumberger stock is working on a cup without handle with a 36.97 entry. See if it can clear the breakout price in heavy trading. Keep in mind that it’s a second stage consolidation, and those sometimes entail more risk.

Regarding fundamentals, Schlumberger stock has posted rising EPS growth over the last four quarters. Top line growth has also increased over the same time frame.

Schlumberger stock earns the No. 3 rank among its peers in the Oil & Gas-Field Services industry group. North Amer Energys (NOA) and Halliburton (HAL) are among the top 5 highly rated stocks within the group.


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