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

Apr 04, 2013, 08:00 ET from

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 at

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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