Time for Investors to Take the Plunge on Schlumberger Limited (NYSE:SLB)

Equity Research firms currently have a positive stance on shares of Schlumberger Limited (NYSE:SLB). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $92.19 on a short term basis.

At the time of writing, the stock was trading at $78.40. This represents a change from the opening price of -0.56%. In terms of performance, year to date, the stock is 15.41%. The monthly stock performance comes in at 0.56%. For the quarter, shares are performing at 2.28%. Weekly performance analysis shows the equity at 4.39%.

In taking a look at technical levels, shares are trading -0.90% away from the 50 day simple moving average and 5.27% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -6.04% away from it’s 52- week high and 34.21% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Schlumberger Limited’s RSI stands at 52.52. In looking at volatility levels, the shares saw weekly volatility of 2.06% and 1.70% over the past month.

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