Decoding Schlumberger's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Schlumberger (NYSE:SLB) shows a bullish trend, with 51% of trades having bullish expectations. Analysts have set an average price target of $58.1, with some projecting as high as $64. The stock is currently trading at $43.19, up 2.94%, and may be approaching overbought territory.
October 01, 2024 | 7:01 pm
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Schlumberger's options activity indicates a bullish sentiment with 51% of trades expecting a rise. Analysts have set an average price target of $58.1, with some as high as $64. The stock is currently trading at $43.19, up 2.94%, and may be approaching overbought territory.
The options activity shows a significant bullish sentiment with a majority of trades being calls. Analysts' price targets are higher than the current trading price, suggesting potential upside. The stock's recent price increase and approaching overbought RSI indicate strong market interest.
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