SSR – Southern Star Resources

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.