Breaking: Stone Energy Corporation (NYSE:SGY) Stock Through Resistance -- Technicals Hit Extreme Strength

Stone Energy Corporation technical rating as of
(SGY Price of Stock at Publication: $36.33)

Breaking: Stone Energy Corporation (NYSE:SGY) has hit maximum technical strength -- watch the technical oscillators for momentum gaps. The company has broken out to a five bull momentum rating -- that is extreme strength and through technical resistance.

The risk now is that the stock is overbought, but as of this moment, the price is moving abruptly higher, through resistance, and the bulls are leading the charge.

Breaking: SGY stock has risen through price resistance.

SGY is up +25.7% over the last three months and up +74.1% over the last six months. The stock has returned -2.1% over the last year. The current stock price is $36.33.

SGY Stock Returns
The technical rating goes from a rating of one, the weakest upside technical, to a rating of five, the highest upside technical. This is strictly focusing on price and technical -- that means we focus on real-time stock price movement and then position it relative to the simple moving averages. To make the technical rating meaningful, the moving averages are also compared to each other.

Technicals   |   Support: 31.81   |   Resistance: Stock is Through Resistance   

Golden Cross Alert: The 50 day MA is now above the 200 day moving average.
As we noted above -- the back of the envelope rule here is that when shorter-term moving averages move above the longer-term ones, momentum is building. We have that right now.

Swing Golden Cross Alert: The short-term 10 day moving average is now above the 50 day moving average.
When the shortest-term moving average (10-day in this case) moves above any other moving average (50-day in this case), momentum is climbing.

We can set aside oscillators, stochastics, and any other precise measure of momentum, this is easy to see: Stone Energy Corporation has a five bull (highest rated) technical rating and may be having a technical breakout right now because it's trading through resistance.

We now turn to the actual numbers driving this rating:
Stone Energy Corporation (NYSE:SGY) rating statistics:
10-day moving average: $33.12
50-day moving average: $30.15
200-day moving average: $25.15