Laramide Resources – let’s wait and see

Recommendation: Hold

This is a tricky one. Last week I said to start selling, but the stock had a nice rise this week. The uptrend lines are intact, and the down trend lines have been broken (depending on how you draw them, of course).

The obvious solution here is to wait until Laramide exceeds it’s high for the year at $8.50, then start buying. Since that’s only 50 cents away from Friday’s close, that’s the plan.