Last updated on April 16, 2014 at 6:17 EDT

Pre-Market Review on Weatherford Intl., Superior Energy Services, National Oilwell Varco, Schlumberger, and FMC Technologies

March 6, 2013

LONDON, March 6, 2013 /PRNewswire/ –

Basic Material sector followed the lead of broader market and ended higher. The
markets also shrugged off issues like spending cuts and slow economic growth to touch new
record highs. The Dow Jones closed its latest session at 14,253.77, up 0.89 percent while
NASDAQ was up 1.32 percent to finish at 3,224.13. Similarly, S&P also ended at a positive
note at 1,539.79, up 0.96 percent. Our research team took a look at the Oil & Gas
Equipment & Services industry which includes major companies like Weatherford
International Ltd (NYSE: WFT), Superior Energy Services Inc. (NYSE: SPN), Schlumberger
Limited (NYSE: SLB), Schlumberger Limited (NYSE: SLB) and FMC Technologies Inc. (NYSE:
FTI). StockCall analysts initiated preliminary technical research on WFT, SPN, NOV, SLB,
and FTI. These free reports are accessible by signing today at


Weatherford International Ltd’s stock is in a neutral mode and is trading above its
20-day SMA of $11.22. It ended its latest trading session 2.47 percent higher at $11.60,
and the stock oscillated in the range of $11.27 and $11.73 during Tuesday’s session. The
stock trades at beta of 1.88. The company is expected to face its first resistance level
at $11.82. Upon breaching this level, the stock may touch $12.60. The free technical
analysis on WFT is available by signing up at


Superior Energy Services Inc.’s stock closed at $26.02, 2 percent up. The stock traded
in the range of $25.63 and $26.08 during yesterday’s session and is currently above it
20-day moving average price of $25.97. Superior Energy Services Inc. gained 25.58 percent
so far this year. Its Price/Earnings ratio is 11.41. The company’s stock is in a bullish
phase and its first resistance level is at $26.97. On the downside, its first support is
at $25.89. Upon breaching this level, its second support level is at $25.01. Register now
to download the free research on SPN at


Despite a sharp upward movement in Tuesday’s session, National Oilwell Varco Inc. is
still down 1.93 percent for the year. It has gained 18.49 percent in the past 52 weeks.
The stock closed 1.06 percent lower at $67.03 on volume of 3 million shares. Its average
trading volume stands at 4.62 million shares. The company’s shares currently face
resistance at around $68.54. The stock has support at around $66.23. It is currently
trading below its 20-day and 50-day moving averages, which is a neutral signal. Free
report on NOV can be accessed by registering at


Schlumberger Ltd traded in the range of $76.28 and $77.60 during yesterday’s trading
session. It opened at $77.24 and closed at $76.95, up 0.59 percent. The stock is currently
in a bullish mode and has its first resistance level at $77.83. Upon breaching this level,
Schlumberger may go as high as $78.58. It traded 8.96 million shares and is below its
20-day moving average price. Its first support level is at $75.91. So far in 2013, the
stock is up 11.04 percent. Register with StockCall and download the research on SLB for
free at


In-line with the upward movement shown by broad market indices, FMC Technologies
Inc.’s stock finished 1.02 percent up at $51.32, with volume down from daily average of
2.23 million to 1.75 million. The stock is up so far in 2013 with its year-to-date gain at
19.82 percent. However, the stock currently shows a bullish trend which is further
confirmed by the stock’s MACD chart. FMC Technologies has its first support level at
$50.27. In the coming trading sessions, the stock is likely to go as high as $53.05. Read
the full free research on FTI by signing up to StockCall at


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SOURCE StockCall.com

Source: PR Newswire