SLB drifts lower calmly
The stock is slipping moderately on low volatility and normal volume, consistent with quiet profit-taking below its 20-day moving average even as fresh Aramco well contract wins provide a supportive backdrop.
Sources: https://www.tradingview.com/news/tradingview:a41fdbef0487f:0-weekly-recap-slb-wins-450-aramco-wells-and-trades-below-20-day-ma/
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works