Daily Stock Setups

Sunoco Logistics (SXL) Downgrade Alert, Watch for 11% Technical Uptrend Reversal

Posted on: Tue, 27 Oct 2009 09:15:00 EDT

Symbols: SXL

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Oct 27, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SXL | Quote | Chart | News | PowerRating -- Sunoco Logistics (NYSE:SXL) downgraded to Hold from Buy, $60 target, at Wunderlich. The stock closed yesterday at $59.42 on volume of 111,000 shares, above average daily volume of 72,013.

Sunoco Logistics Partners is currently above its 50-day moving average of $58.30 and above its 200-day moving average of $54.25.

SmarTrend is bullish on shares of SXL and our subscribers received an Uptrend alert on March 25, 2009 at $53.53, which has returned 11% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Sunoco Logistics Ptnrs Lp (SXL) SXL. Sunoco Logistics Ptnrs Lp (SXL) has Short Term PowerRatings at TradingMarkets. Details on Sunoco Logistics Ptnrs Lp (SXL) Short Term PowerRatings is available at This Link.

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