SUN Makes Notable Cross Below Critical Moving Average

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In trading on Monday, shares of Sunoco LP (Symbol: SUN) crossed below their 200 day moving average of $30.58, changing hands as low as $29.93 per share. Sunoco LP shares are currently trading off about 0.4% on the day. The chart below shows the one year performance of SUN shares, versus its 200 day moving average: Sunoco LP 200 Day Moving Average Chart

Looking at the chart above, SUN’s low point in its 52 week range is $23.0901 per share, with $33.11 as the 52 week high point – that compares with a last trade of $30.50. According to the ETF Finder at ETF Channel, SUN makes up 6.28% of the High Income MLP ETF (Symbol: YMLP) which is trading lower by about 0.6% on the day Monday.

Click here to find out which 9 other energy stocks recently crossed below their 200 day moving average »

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