Blue Chip Daily Chart of the Week:
Stop level: 28.34
please see chart analysis below
- Schlumberger, (SLB), is one of our top technical ideas coming into the week, and is on this week’s Members Top 25 Stocks List.
- SLB is trading over rising 50, 100 and 200-day moving averages, indicating an uptrend on multiple time-frames.
- SLB is a leading large cap energy stock year to date.
- SLB recently pulled back 15.1% off of 52-week highs and held above the rising 50-sma.
- 30-31 is near-term support and over 37 could signal a breakout higher.
- SLB is on our “Top 25 Stocks for 2021” List, published for Blue Chip Daily Members on 1/2/21, and its +51% since then.
To see this week’s Top 25 list, join here: https://bluechipdaily.com/join-blue-chip-daily/
Have a great week,
Disclaimer – Blue Chip Daily Trend Report