This gas stock just cleared a 2014 peak and is set to continue higher, says Katie Stockton

Sunoco LP (SUN) stands out as one of the more compelling long-term technical setups in the energy sector, breaking out to new all-time highs even as market leadership remains narrow. The stock stands to benefit from upside volatility in crude oil prices, and the charts confirm a bullish narrative. SUN cleared final resistance from the 2014 peak in March in a bullish long-term development. Momentum is strong per the monthly MACD, suggesting the stock can continue to trend higher over the next several months. A measured move projection from the breakout targets approximately $78, which is achievable over the intermediate term. SUN also exhibits positive intermediate-term momentum per its weekly MACD, and it is accelerating per the rising histogram bars. The weekly stochastics are overbought but have a 'pop' higher that supports a continuation of the prevailing uptrend in Q2. Former resistance puts strong support in the low $60s, though the 50-day, or 10-week, moving average (MA) can serve as a trailing stop near $66. Relative to the S & P 500 Index (SPX), SUN is positioned to outperform in 2026. The ratio carved out a rounded bottom over the past year, reversing its cyclical downtrend with a base breakout in Q1. SUN has given back some of the relative gains from earlier in the year, but the relative uptrend remains intact per the ratio's 200-day MA, and the stock appears to be rotating back into favor near term. …