Let the SUN come out

March 31st, 2008 | Filed under: Financial Markets

I spent a little too much time on this stock chart, but whatever I can do for the little people out there. The site was apparently down, otherwise I would have had this up earlier.

I have been jumping in and out of SUN for most of March now, and why not try to keep making more? If it isn’t broke don’t fix it, right?

Anyways the chart is pretty explanatory (I spent a little too much time on it). SUN is sitting right at a nice support level. A rise up could see a quick price target of $56.00.

SUN 033008

Another great aspect about this stock that I like is that it doesn’t really get affected by the overall market. If it is down, then it can still jump high and every other mix you can think of. Also, like I mentioned before this stock has been beaten up a lot over the past couple of months, so there is a lot of upside for SUN.

This is just one of the many I am watching, but hopefully I can just forget about the rest and let this make money for me.

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Another thing that I have noticed over the past couple of weeks, is that most of the stocks hit their highs before 1 PM-ish est., so I don’t necessarily wait for a long time to take your profits because everyone has the same idea. Also, it cuts your day shorter, and you can go do other things.

More on this topic (What's this?)
TLP: Timing is Everything
For the Moms
Basic Financial Advice
Read more on Triarc Companies at Wikinvest