DailyPlay for Friday August 21st, 2015 – Schlumberger Limited (SLB)

The bearish DailyPlay we chose for Friday August 21st is Schlumberger Limited (SLB). SLB is part of the Energy Sector (XLE). Over the last month, XLE has experienced 7.07% move lower as both trends remain bearish.

Schlumberger Limited has been in a bearish trend since the beginning of June as it continues to show negative momentum. SLB looks positioned to continue lower towards its $75.60 support level.

View this trade idea on $SLB