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

Mar 06, 2013, 08:00 ET from

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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