SLB drills down to a trend-following signal for income investors
Schlumberger(SLB) MarketBeat·2024-01-19 14:55
Key PointsSLB had a solid quarter, outperforming estimates and guiding for another year of strong growth. Analysts are driving this market higher and see it trading at least 30% below value. The technical picture includes a trend-following signal that could take this market to a five-year high. 5 stocks we like better than SchlumbergerThe price action in SLB NYSE: SLB entered a correction last fall, but it has ended. Within a sustained uptrend, the correction has drilled to critical levels and rebounded aft ...