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Actionable news in SU: SUNCOR ENERGY Inc,

Suncor (SU) Stock Chart: Promising From the Long SIde

NEW YORK (TheStreet) -- Going through the charts I found another energy name that looks promising from the long side. Suncor Energy (SU - Get Report) has made a nice looking base the past four months.

In this chart of SU, above, we can see that prices have traded sideways since July. Prices have rallied back above the flat 50-day simple moving average. The On-Balance-Volume (OBV) line is rising, and we don't see any bearish divergences to make us nervous. SU has been testing the underside of the 200-day moving average, and it won't take much of a rally to close above this average.

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This chart of SU, above, is also encouraging. Prices are testing the 40-week, or 200-day, moving average. The OBV line in rising, and the Moving Average Convergence Divergence oscillator crossed over from below the zero line.

Separately, TheStreet Ratings team rates SUNCOR ENERGY INC as a Hold with a ratings score of...


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