Pre-Market Technical Momentum: Weatherford Intl., Schlumberger, FMC Technologies, and Basic Energy Services

     Pre-Market Technical Momentum: Weatherford Intl., Schlumberger, FMC
                   Technologies, and Basic Energy Services

PR Newswire

LONDON, January 16, 2014

LONDON, January 16, 2014 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

On Wednesday, January 15, 2014, the U.S. equity market ended on a positive
note with the S&P 500 ending the day at 1,848.38, up 0.52%; the Dow Jones
Industrial Average closing at 16,481.94, up 0.66%; and the NASDAQ Composite
finishing at 4,214.88, up 0.76%. The S&P 500 Energy Sector Index edged 0.32%
lower to end the day at 634.47; and the S&P 500 Oil & Gas Equipment & Services
Sub Industry Index closed at 635.68, down 0.01%. The S&P 500 Oil & Gas
Equipment & Services Sub Industry Index has advanced 0.14% in the previous
three trading sessions and 1.89% in the last one month, underperforming the
S&P 500, which has advanced 0.33% and 4.12% during the respective periods. The
major movers in the industry included Weatherford International Ltd (NYSE:
WFT), Schlumberger Ltd (NYSE: SLB), FMC Technologies Inc. (NYSE: FTI), and
Basic Energy Services Inc. (NYSE: BAS). AAAResearchReports.com has released
free charting and technical research on these aforementioned companies.
Register to read these reports at:

http://www.aaaresearchreports.com/register/ 

Weatherford International Ltd's stock edged 0.69% higher on Wednesday,
tracking gains in the broader market. The company's shares ended the day at
$14.62, after oscillating between $14.39 and $14.72 during the trading
session. A total of 11.70 million shares were traded, which is above the daily
average volume of 7.30 million. Despite Wednesday's gains, the company's
shares have fallen by 0.61% in the last one month and 7.70% in the previous
three months, underperforming the S&P 500, which has advanced 4.12% and 8.85%
during the respective periods. Furthermore, Weatherford International Ltd's
stock is trading at par with its 200-day moving average. Sign up for free
report on WFT at:

http://www.AAAResearchReports.com/WFT011614.pdf

On Wednesday, Schlumberger Ltd's stock ended the day at $88.89, which is 0.02%
higher than the previous day's closing price of $88.87. The company's shares
vacillated between $87.90 and $89.30 during the trading session. A total of
6.80 million shares were traded, which is above the daily average volume of
5.89 million. The company's shares have gained 0.82% in the previous three
trading sessions and 2.92% in the last one month, compared to a gain of 0.33%
and 4.12% in the S&P 500 during the respective periods. Additionally,
Schlumberger Ltd's stock is trading above its 200-day moving average of
$82.45. SLB free technical report can be accessed by signing up at:

http://www.AAAResearchReports.com/SLB011614.pdf

Shares in FMC Technologies Inc. fell 1.37% on Wednesday, closing the day at
$51.20. The company's shares fluctuated between $51.14 and $51.99 during the
trading session. A total of 1.66 million shares were traded, which is below
the daily average volume of 2.08 million. The company's shares have fallen by
0.70% in the last one month and 11.50% in the previous three months,
underperforming the S&P 500, which has gained 4.12% and 8.85% during the
respective periods. However, FMC Technologies Inc.'s stock is trading above
its 50-day moving average of $50.49. A free report on FTI can be accessed by
registering at:

http://www.AAAResearchReports.com/FTI011614.pdf

On Wednesday, shares in Basic Energy Services Inc. posted gains to end the day
at $16.57, up 2.22% from the previous day's closing price of $16.21. The
company's shares vacillated between $16.42 and $17.31 during the trading
session. A total of 1.97 million shares were traded, which is above the daily
average volume of 0.90 million. The company's shares have surged 15.39% in the
last one month and 34.93% in the previous three months, outperforming the S&P
500, which has advanced 4.12% and 8.85% during the respective periods.
Moreover, Basic Energy Services Inc.'s stock is trading above its 50-day and
200-day moving averages of $15.37 and $13.53, respectively. Register with AAA
Research Reports and download research on BAS for free at:

http://www.AAAResearchReports.com/BAS011614.pdf

----

EDITOR NOTES:

1.This is not company news. We are an independent source and our views do
    not reflect the companies mentioned.
2.Information in this release is fact checked and produced on a best efforts
    basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are
    only human and are prone to make mistakes. If you notice any errors or
    omissions, please notify us below.
3.This information is submitted as a net-positive to companies mentioned, to
    increase awareness for mentioned companies to our subscriber base and the
    investing public.
4.If you wish to have your company covered in more detail by our team, or
    wish to learn more about our services, please contact us at
    pubco@EquityNewsNetwork.com.
5.For any urgent concerns or inquiries, please contact us at
    compliance@EquityNewsNetwork.com.
6.Are you a public company? Would you like to see similar coverage on your
    company? Send us a full investors' package to
    research@EquityNewsNetwork.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This
document, article or report is prepared and authored by Equity News Network.
An outsourced research services provider represented by Ananya Ghosh, CFA, has
only reviewed the information provided by Equity News Network in this article
or report according to the Procedures outlined by Equity News Network. Equity
News Network is not entitled to veto or interfere in the application of such
procedures by the outsourced provider to the articles, documents or reports,
as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the
accuracy or completeness or fitness for a purpose (investment or otherwise),
of the information provided in this document. This information is not to be
construed as personal financial advice. Readers are encouraged to consult
their personal financial advisor before making any decisions to buy, sell or
hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned
at the time of printing of this document or any error, mistake or shortcoming.
No liability is accepted by Equity News Network whatsoever for any direct,
indirect or consequential loss arising from the use of this document. Equity
News Network expressly disclaims any fiduciary responsibility or liability for
any consequences, financial or otherwise arising from any reliance placed on
the information in this document. Equity News Network does not (1) guarantee
the accuracy, timeliness, completeness or correct sequencing of the
information, or (2) warrant any results from use of the information. The
included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA
Institute.

SOURCE AAA Research Reports

Contact: Phone #: + 1 (646) 396-9126 Contact Name: Peter F. Jones Email ID:
info@aaaresearchreports.com
 
Press spacebar to pause and continue. Press esc to stop.