• Return to Headlines

Suncor Energy Bearish Moving Average Crossover Alert (SU)

By Amy Schwartz

Suncor Energy (NYSE:SU) shares have crossed bearishly below their 10-day moving average of $28.86 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Suncor Energy share prices have been bracketed by a low of $18.71 and a high of $33.36 and are now at $28.67, 53% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 2.4%.

SmarTrend recommended that subscribers consider buying shares of Suncor Energy on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.08. Since that recommendation, shares of Suncor Energy have risen 21.9%. We continue to monitor SU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses suncor energy

Ticker(s): SU