This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Trifecta Stocks

Chart of the Day: Schlumberger

By Chris Versace and Bob Lang | 2018-05-21 14:20:08.0
Stocks in Focus: SLB

As we research for the Trifecta Stocks portfolio we look at hundreds of stocks. While only a few meet our requirements for addition to the portfolio, we come across many interesting technical opportunities in a host of names.

In response to subscribers' requests, we will be sharing a Chart of the Day. While these stocks may not be in the Trifecta portfolio, we hope this technical analysis will provide you with more value. But we are not recommending any investor action.

Given the powerful move in crude over the past couple months, it’s no surprise to see the big surge in shares of leading oil names such as Chevron (CVX:NYSE), Occidental Petroleum (OXY:NYSE), ConocoPhillips (COP:NYSE), Pioneer Natural Resources (PXD:NYSE) and EOG Resources (EOG:NYSE).

Some of the best platform/services names have also benefited, but not nearly as much. Take Schlumberger (SLB:NYSE), the biggest and best of the bunch. On the chart, below, we can see a nice rise since early April, more than 20%, but not even close to the highs reached in January, when crude was far lower.

The technicals on SLB are strong, though. There is solid money flow and a very steep/rising RSI (relative strength index) line, which we like to see. The chart also shows price in the middle of a downtrend and uptrend line, so some sideways action might be next. However, the trend has now shifted up and as long as oil stays buoyant, we believe SLB should rise over the coming months toward $90 and then $100.

DISCLOSURE: Trifecta Stocks has no position in SLB. This Alert is a technical analysis of the company’s chart, and we are not taking any action in the stock at this time.

Regards,

Chris Versace & Bob Lang
Co-Portfolio Managers, Trifecta Stocks

Pilgrim’s Pride’s Chart Is Nothing to Boast About, Plus 4 Other Stocks That Look Good Short
Stocks in Focus: PPC, SINA, SPKE, IRDM, CUTR

PPC, SINA, SPKE, IRDM and CUTR were all recently downgraded by TheStreet's Quant Ratings service.

05/18/18 - 08:00 AM EDT
We Expect a Favorable Earnings Report Tonight From This Semiconductor Firm
Stocks in Focus: AMAT

Gearing up for earnings from Applied Materials.

05/17/18 - 12:15 PM EDT
Trifecta Stocks Weekly Roundup

Compared to the domestic equity market, the Trifecta portfolio delivered a rather favorable performance this week.

05/18/18 - 06:31 PM EDT

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and the AAP Team reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

The SU10 team uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Top Stocks

With Top Stocks, Helene Meisler uses short and long-term indicators to pinpoint imminent breakouts in stocks.

Product Features:
  • Daily trading ideas and technical analysis
  • Daily market commentary and analysis
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
14-Days Free
14-Days Free
14-Days Free

Special Subscription Bundles

Want more than one service?
Sign up to one of our packaged services and take advantage of amazing savings!

Real Money Pro
Portfolio
Chairman's Club
Action Alerts PLUS checkmark | Real Money Pro Portfolio checkmark | Chairman's Club
Stocks Under $10 checkmark | Real Money Pro Portfolio checkmark | Chairman's Club
TheStreet
Quant Ratings
checkmark | Real Money Pro Portfolio checkmark | Chairman's Club
Real Money checkmark | Real Money Pro Portfolio checkmark | Chairman's Club
Real Money Pro checkmark | Real Money Pro Portfolio checkmark | Chairman's Club
Trifecta Stocks checkmark | Chairman's Club
Top Stocks checkmark | Chairman's Club
Started Now Started Now

Markets

Chart of I:DJI
DOW 25,013.29 +298.20 1.21%
S&P 500 2,733.01 +20.04 0.74%
NASDAQ 7,394.0361 +39.6973 0.54%

Trifecta Tweets

Latest Stock Upgrades/Downgrades

TheStreet Ratings Breakdown

  • A+
  • A
  • A-
  • B+
  • B
  • B-
  • C+
  • C
  • C-
  • D+
  • D
  • D-
  • E+
  • E
  • E-
  • F

  • Buy
  • Hold
  • Sell