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Should You Buy Schlumberger NV (SLB) Stock on Wednesday?

Wednesday, October 13, 2021 11:40 AM | InvestorsObserver Analysts
Should You Buy Schlumberger NV (SLB) Stock on Wednesday?

The market has been high on Schlumberger NV (SLB) stock recently. SLB gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Schlumberger NV has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SLB!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SLB Stock Today?

Schlumberger NV (SLB) stock is trading at $32.40 as of 11:25 AM on Wednesday, Oct 13, a decline of -$0.49, or -1.49% from the previous closing price of $32.89. The stock has traded between $31.90 and $32.62 so far today. Volume today is less active than usual. So far 3,647,065 shares have traded compared to average volume of 11,939,542 shares.

More About Schlumberger NV

Schlumberger is the world's largest supplier of products and services to the oil and gas industry. The company operates its business via multiple groups: reservoir characterization, drilling, production, and Cameron. It is investing more than any other services firm to make its offerings more bundled, which it believes is likely to be one of the key industry trends during the next 10 years. Efforts on this front are most visible via the Schlumberger Production Management business, which now accounts for 10% of its revenue. Click Here to get the full Stock Report for Schlumberger NV stock.

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