Schlumberger, Weatherford Intl., National Oilwell Varco, FMC Technologies, and Basic Energy Services Under StockCall's Microscope

Thu Apr 4, 2013 8:00am EDT

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LONDON,  April 4, 2013  /PRNewswire/ --

2012 was a challenging year for the oil & gas equipment & services industry due
to uncertain global economic environment. However, outlook for the industry has
improved significantly due to a rebound in U.S. and  China  since the start of
this year. Companies such as Schlumberger Limited (NYSE: SLB), Weatherford
International Ltd. (NYSE: WFT), National-Oilwell Varco Inc. (NYSE: NOV), FMC
Technologies Inc. (NYSE: FTI), and Basic Energy Services Inc. (NYSE: BAS) are
also looking to capitalize on the shale revolution in the U.S. On Wednesday, oil
and gas stocks struggled as the broad market fell sharply. StockCall has
released full comprehensive research on SLB, WFT, NOV, FTI, and BAS and these
free technical analyses can be downloaded by signing up at

Shares of Schlumberger Limited fell sharply in trading on Wednesday. The stock
fell to an intra-day low of  $73.51  before finishing the day 1.07% lower at 
$74.01  on above average volume of 9.09 million. Schlumberger's shares have
traded in a tight range over the past few sessions, struggling to break through 
$75  resistance level. However, the stock's MACD chart suggests that market
sentiment is turning bullish on the stock. Year-to-date, the company's shares
have gained more than 7.20%, underperforming the broad market. Free technical
analysis on SLB available by signing up at

Weatherford International Ltd's shares were among the major losers in the oil
and gas sector on Wednesday. The stock closed 2.27% lower at  $12.04  on above
average volume of 11.71 million after touching an intra-day low of  $11.89. The
company's shares had an excellent run at the start of this year; however, the
stock has struggled since February. WFT is currently trading below its 50-day
moving average, which is a bearish signal. However, the stock's MACD has just
crossed above the zero-line, which suggests that market sentiment may have
turned bullish on the stock. Register today and access the free research on WFT

Another major loser in the oil and gas sector on Wednesday was National-Oilwell
Varco Inc. Shares of the  Houston, Texas-based company fell 2.26% to  $67.98  on
volume of 3.57 million, taking their losses for the week to nearly 4%.
National-Oilwell Varco's shares are trading nearly 25% below their 52-week high.
Year-to-date, the stock has now fallen 0.35%. Yesterday, the stock slipped below
its 50-day moving average, which is a bearish signal. The negative trend is
further confirmed by the stock's MACD chart. The free report on NOV can be
downloaded by signing up now at

Shares of FMC Technologies Inc. fell sharply on Wednesday. The stock closed
3.46% lower at  $51.96  on above average volume of 2.01 million. FMC
Technologies Inc. shares have fallen nearly 4.50% for the week. Despite the
recent losses, the stock is still up more than 21% for the year, outperforming
the broad market. However, the stock's MACD has just crossed below the signal
line, which is a bearish signal. The downbeat trend is further confirmed by
recent volume activity. Free report on FTI can be accessed by registering at

Shares of Basic Energy Services Inc. fell in yesterday's trading session,
extending their losses for the week. The stock ended the day 2.47% lower at 
$11.85  on volume of 1.29 million. The stock has now fallen more than 13% this
week. It has pared most of its gains for the year as a result of the sell-off
this week. Year-to-date, Basic Energy Services' shares are now up more than
3.80%. The stock is trading more than 35% below its 52-week high. Register with
StockCall and download the research on BAS for free at

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Contact Person: William T. Knight, Email:, Contact Number:
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