SSR – Southern Star Resources

by JDH on November 25, 2006

Recommendation: Hold

This is a tricky one. As you can see from the chart, Southern Star Resources Inc. has a nice uptrend channel. We are now at the upper limit of this channel, so that means one of two things: either the upward pace of this stock is increasing, which is great, or we are at the top of the channel and due for a move down.

The MACD is good but not great, so I’m holding to see what happens from here.ssr.JPG

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