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  1. Home
  2. / Markets
  3. / Emerging Markets

Exclusive Video: Jim Cramer Lays Out Why Schlumberger Has Upside in 2018

Jim Cramer gives an exclusive sneak peak into the Action Alerts Plus core holdings for 2018—Check out the eleventh of Jim's 14 core holdings.
By ZEV FIMA
Dec 14, 2017 | 02:20 PM EST

With OPEC extending production cuts and a recent low level of investment by international E&Ps, see why the Action Alerts Plus team thinks Schlumberger will climb higher in 2018.

For More Sneak Peeks Into Jim's AAP Portfolio, Check Out:

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  • Jim Cramer Reveals Why You Can't Dump Waste Management in 2018

Want more exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

Charts: Schlumberger

Real Money's BRUCE KAMICH (Follow) reviewed the charts and indicators of Schlumberger Ltd. (SLB) at the end of September, and said: "Comebacks, turnarounds and bottoms take time. We might see a $71/$72 to $66 trading range over the next several weeks, as SLB continues to build its bottom." With several more weeks of trading under our belts, we can see that SLB behaved weaker than anticipated, with a $70 to $61 trading range with lower highs, but with the $62-$61 area holding.

For more on charts and indicators, to see if this is still a base formation or a large continuation pattern, check out Aggressive Schlumberger Sellers Meet Aggressive Buyers. 

 

 

 

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TAGS: Emerging Markets | Investing | Video | Opinion | Stocks | ETFs | Editor's Pick | Preferred Stocks | Exclusive

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