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Technical Analysis
- 6/30/2009 11:30:55 AM
By Chip Brian, SmarTrend Analytics Team
SmarTrend's proprietary algorithms detected bearish price action on shares of Sunoco (NYSE:SUN) which generated a Downtrend alert on June 12, 2009 at $26.44.
Since the alert, SUN has trended 13.8% lower as of today's recent price of $22.78.
SmarTrend is actively monitoring Sunoco for any change in trend direction.
Contact Chip Brian
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com. Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at www.TradeTheTrend.com/signup.html
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