Tuesday, March 30, 2010

Suncor (SU) Trending Higher

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Suncor (SU) has been rallying the last few days, now trading above its 50-ma and closing in on the 200-ma.Crude is trading around $82, talk on the street is that a break over $85 may see it rally to $95. That's been the Itz target for nearly 2 months now.
Canada’s Suncor Energy Inc. (NYSE: SU - News) has entered into an agreement to sell certain natural gas-heavy assets in west-central Alberta for C$235 million ($230 million) in cash. The name of the buyer was not disclosed. >>READ Again keep an eye on $33, may suggest a covered call at that level.

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