Early Briefing and Review: Schlumberger Ltd, Weatherford Intl. Ltd, FMC Technologies Inc., and Basic Energy Services Inc.

LONDON, August 19, 2013 /PRNewswire/ --

The US equity market slipped on Friday, August 16, 2013. All three benchmark indexes closed lower, with the Dow Jones Industrial Average falling 0.20%, the S&P 500 falling 0.33%, and the NASDAQ composite declining 0.09%. Shares in oil and gas equipment companies ended mostly lower, tracking losses in the broader market. The major movers in the sector included Schlumberger Limited (NYSE: SLB), Weatherford International Limited (NYSE: WFT), 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/  

Shares in Schlumberger Limited closed 0.09% lower at $81.92 on Friday after oscillating between $81.72 and $82.33. A total of 4.75 million shares were traded, which is below the daily average volume of 6.46 million. The company's shares have gained 4.38% in the last one month and 8.16% in the last three months, outperforming the S&P 500 which has lost 2.14% and 0.70% during the respective periods. Moreover, the stock is trading above its 50-day and 200-day moving averages. Sign up for free report on SLB at:

http://www.AAAResearchReports.com/SLB081913.pdf

Shares in Weatherford International Ltd. fell sharply on Friday, extending their losses from previous trading sessions. The company's shares fluctuated between $14.41 and $14.72 before closing the day at $14.58, down 1.09%. A total of 4.99 million shares were traded, which is below the daily average volume 6.88 million. Weatherford International's shares have gained 2.17% in the last three months, compared to a loss of 0.70% in the S&P 500 during the same period. Moreover, the company's stock is trading above its 50-day and 200-day moving averages. WFT free technical report can be accessed by signing up at:

http://www.AAAResearchReports.com/WFT081913.pdf

Shares in FMC Technologies Inc. posted modest gains on Friday. The company's shares traded between $52.76 and $53.43 before finishing the day 0.06% higher at $53.25. A total of 1.19 million shares were traded, which is below the daily average volume of 1.43 million. Further, the company's shares have slipped 7.46% in the last three months, underperforming the S&P 500 which has fallen 0.70% during the same period. Nevertheless, FMC Technologies' stock is currently trading above its 200-day moving average. A free report on FTI can be accessed by registering at:

http://www.AAAResearchReports.com/FTI081913.pdf

Shares in Basic Energy Services Inc. fell sharply on Friday, finishing at $11.66, down 1.44% from the previous closing price. The company's shares oscillated between $11.59 and $11.84. A total of 0.42 million shares were traded, which is below the daily average volume of 0.65 million. The company's shares are currently trading below their 50-day and 200-day moving averages. Furthermore, Basic Energy Services Inc.'s stock has lost 16.24% in the last three months, compared to a loss of 0.70% in the S&P 500 during the same period. Register with AAA Research Reports and download research on BAS for free at:

http://www.AAAResearchReports.com/BAS081913.pdf

EDITOR NOTES:

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 has, through Chartered Financial Analysts, 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.

www.AAAresearchreports.com

SOURCE AAA Research Reports