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Suncor Energy Crosses Above its 10-day MA (SU)

By Shiri Gupta

Today, shares of Suncor Energy (NYSE:SU) have crossed bullishly above their 10-day moving average of $26.53 on a volume of 812K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Suncor Energy have traded between a low of $18.71 and a high of $32.87 and are now at $27.03, which is 44% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend is monitoring the recent change of momentum in Suncor Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Suncor Energy in search of a potential trend change.

Keywords: moving crosses suncor energy

Ticker(s): SU