SUNOCO INC
(SUN-NYSE):
Technical Viewpoint: From a low
of $28.32 on Jun 9, 2010 prices
rallied, reaching a
high of $35.95
on Jun 21, 2010. A
decline saw prices pull back, reaching a
low of
$33.78 on Jun 23, 2010.
Another rally saw prices penetrate
resistance, closing 6/25/10
at $36.24. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 9, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $34.34. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 27, 2010. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! SUNOCO INC
(SUN-NYSE) @ $36.38 Stop: Use a protective stop of $34.38.
SUNOCO INC is currently trading @ $36.24 plus $1.71 on Jun 25, 2010. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $13.12. Today's Risk Reward Ratio: 7:1
|
Click here to view full size chart
|