Company Description: Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. It operates in three segments: Oil Sands, Natural Gas, and Refining and Marketing. The Oil Sands segment produces bitumen recovered from oil sands through mining and in-situ technology, and upgrades it into refinery feedstock, diesel fuel, and by-products. It offers light sweet crude oil/diesel and light sour crude oil/bitumen. The Natural Gas segment explores for, develops, and produces conventional natural gas, natural gas liquids, oil, and by-products from assets located in northeast British Columbia, and western and northwest Alberta. The Refining and Marketing segment refines crude oil into a range of petroleum and petrochemical products comprising jet fuels, diesel, and gasoline; produces ethanol for blending into fuels; and markets its products to industrial, commercial, and retail customers principally in Ontario and Colorado. It also transports crude oil on company-owned pipelines in Wyoming and Colorado, and engages in third-party energy marketing and trading activities. This segment also encompasses third-party energy marketing and trading activities, and provides marketing services for the sale of crude oil, natural gas, refined products, and by-products from the oils sands and natural gas segments. Suncor Energy sells its products in the United States, Canada, and Europe. The company was founded in 1953 and is headquartered in Calgary, Canada.

Our Analysis: The shares of Suncor Energy 'SU' moved sharply lower yesterday on significantly heavier than normal trading volume. They finished the day by closing below a key support level. The shares of 'SU' should continue to move lower and test $30.07/share, the point from which they gapped higher on the open of trading on September 4th of last year. If the shares of 'SU' close below that level, then I expect them to continue to move lower and test $27.09/share, the point from which they gapped higher on the open of trading on July 14th of last year. I see upside resistance on the shares of 'SU' @ $31.23/share, and have set my stops accordingly at $31.63/share.