Filed under: Stocks to Buy
I first wrote about Schlumberger (SLB) here on May 6, 2009, at a price of $56.09. Shares of oil and natural gas servicer have jet-streamed toward major, psychological resistance at $100, easily clearing $90 on the way. It goes without saying that if you haven't already, now would be a good time to consider taking some profits off the table.
However, those investors who can tolerate the risk can maintain their full position and go for an even bigger gain, as SLB will likely continue to head north.
Further, I'd raise the sell/stop loss to $68 from $63.
Continue reading Schlumberger Vectors Toward $100 a Share
Schlumberger Vectors Toward $100 a Share originally appeared on BloggingStocks on Sun, 06 Mar 2011 14:50:00 EST. Please see our terms for use of feeds.
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