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6 pts

Opinion on  Suncor Energy Inc (SU)     Sector: Energy  >  Industry: Oil & Gas - Integrated
Suncor Energy, Inc. (SU) is Ready to Rebound

Jul 07, 2008 08:30 AM UTC
Blokm2-seekingalpha2
Return Risk
-6.74% MID
Associate

SU is ready to rebound while it reached on the support line at $55 and $57. I also see an ascending triangle formation that signs SU is on upward trend.

For details my technical analysis please visit my blog at http://conquerthewallstreet.blogspot.com/2008/07/suncor-energ...


SU:  This call was made on 07/07/08 @ $57.5
Rating:   Positive   $57.5 (07/07/08)
Gain/Loss:   -67.32% in 135 days
Target:   $80.00 (+39.13%) in > one year


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