SUN – Suncorp Metway Ltd

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Code:

Company Name:

Sector:

Size:

Confirmed Trend:

SUN

Suncorp Metway Ltd

Insurance

ASX Top 50

Commentary:

Suncorp Metway Ltd is still in a confirmed up trend, but only just. SUN made a trend line entry and a Dow Theory entry signal on a weekly chart in June 2009 at $6.95, which confirmed a medium term up trend.

A close below the previous trough at $8.20, or a trend line exit would signal an end to the current up trend.

Click the chart below to enlarge: