№ 044 · Almanac · · 1 min
What we learned the week SLB hit its 200-week SMA in 2022.
SLB touched its 200-week line in 2022. Twelve months later: +76.9%.
On the week of July 11, 2022, SLB touched its 200-week moving average at $32.30. The SMA itself was sitting at $32.68.
Twelve months later: +76.9%. Three years later: +15.5%.
Today, 4 years later, the screen reads $47.76, +47.9% from where the line was.
, The chart was already broken by the time the line was reached.