Trade of the week
Suncor Energy Inc. (SU) has been in a steady uptrend since July of 2017. In January it ran into major resistance at $38 and began to consolidate. It tested and held its 200 day moving average before breaking out last week. Large buying volume entered the market on February 9th which started to drive the RSI up.
Stocks to watch – CARS, SYY, STLD, AND HRL