Sunoco Stages A Major Intra-Day Bounce

Sunoco Inc.

is a major oil refiner that started the morning sharply lower after reporting earnings. The stock has rebounded higher since the opening bell rang at the New York Stock Exchange. Sunoco stock opened the session around the $41.00 level and bounced higher and is now trading around the $43.00 level. Traders can watch yesterday's high as the important intra-day resistance level which is $43.75. Nicholas Santiago InTheMoneyStocks.com