A longtime Real Money reader emailed me recently to review the charts of Schlumberger
(SLB) . In our last review of SLB, on April 12, we wrote that, "Whether SLB declines to $25 or $23 or lower is not that important as in either case the direction is down. Take profits if you are long or otherwise stand aside for a better buying opportunity."
Prices did weaken into late April, but then rallied to a new high this month.