Back on April 3rd I recommended Suncor Energy (SU). This was when the current price of oil was just a myth. At the time the stock was sitting on $100. Now the stock is sitting at… well just see for yourself.
Sure the TWI price target at the time was set up for an 8 point rise; however, that is why you must continue sticking up with your stocks.
After time, stocks create new break outs and new patterns. Now I wouldn’t be too greedy. Already seen a 50 point rise, I would just take my profits here. Even if the stock could still rise. Better to be up, than down.
Wait for some weakness for possible entry points.
More on this topic
(What's this?)
2012 Oil Price Outlook: How to Profit From $150 Oil
(Money Morning, 1/6/12)
The Five Factors Moving Oil Prices This Year
(Investment U, 1/10/12)
All You Need to Know About Iran, $200 Oil, and $6.00 Gas
(Money Morning, 1/16/12)