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Actionable news in SLB: SCHLUMBERGER LIMITED,

Schlumberger Is Poised for a Breakout

After a rather rough start, Schlumberger (SLB) closed on Friday at new July highs. In late trade the day before, the stock moved higher following its second-quarter earnings report but was unable maintain this momentum during Friday's early going. By the close, though, Schlumberger bulls were rewarded with a 2% gain on the heaviest upside trade since January.

This bullish action has set the stock up well for an upside breakout.

Heading into last week's earnings report, Schlumberger had been in a steady yet choppy uptrend. After...


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