Core Laboratories N.V. (CLB) Shares are Up 7.23%

Core Laboratories N.V. (CLB) : Traders are bullish on Core Laboratories N.V. (CLB) as it has outperformed the S&P 500 by a wide margin of 0.55% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.05%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.23% in the last 1 week, and is up 0.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 3.32% and the 50-Day Moving Average is 0.89%.The 200 Day SMA reached 0.27%


Core Laboratories N.V. (NYSE:CLB): After opening at $111.07, the stock dipped to an intraday low of $109.985 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $113.23 and the buying power remained strong till the end. The stock closed at $112.33 for the day, a gain of 1.67% for the day session. The total traded volume was 636,968. The stocks close on the previous trading day was $112.33.

Core Laboratories N.V. (CLB) : The most positive equity analysts on Core Laboratories N.V. (CLB) expects the shares to touch $150, whereas, the least positive believes that the stock will trade at $98 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $122.43 with an expected fluctuation of $19.82 from the mean.

Core Laboratories N.V. (Core Lab) is a provider of proprietary and patented reservoir description, production enhancement and reservoir management services to the oil and gas industry. These services and products are directed toward enabling its clients to improve reservoir performance and increase oil and gas recovery from their producing fields. The Company operates in three segments: Reservoir Description, Production Enhancement and Reservoir Management. The Company provides analytical and field services to characterize properties of crude oil and petroleum products to the oil and gas industry.

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