Shares of Suncor Energy (SU) were raised to an "outperform" fundamental rating by a sell-side firm Tuesday. Canada-based Suncor extracts, produces and provides energy from a mix of sources, ranging from oil sands to wind and renewable fuels.
Let's check out the charts and indicators to see if there is any alignment with the fundamentals.
In the daily bar chart of SU, below, we can see that the stock price corrected in recent days. The rising 50-day moving average line was broken, briefly, as prices have bounced back above the 50-day line Tuesday.
The On-Balance-Volume (OBV) line has made a U-turn to the downside and the Moving Average Convergence Divergence (MACD) oscillator has crossed to the downside for a take profit sell signal.