Long SLB & Some Other Energy Plays To Consider

After taking profits in all my positions except for Family Dollar (FDO), which included NFLX (+5.3%), GLD (+0.6%), ANV (+1.9%), and CMI (+3.2%), I decided to get into Schlumberger (SLB) at $84.17. I like the trade a lot and has the potential to make a run to $88 in the very short-term. I've also included a few other energy plays below with ideal entry prices. They are all exhibiting good volume readings and chart setups. 

Here's the SLB Chart Analysis.

Here's the Energy Plays I am Watching.

Read more...

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Consumer DiscretionaryEnergyGeneral Merchandise StoresOil & Gas Equipment & Services
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!