Golden Star Resources
Golden Star Resources (GSS - Get Report) is an international gold mining and exploration company producing gold in Ghana, West Africa. Golden Star Resources also conduct gold exploration in other countries in West Africa and in South America. This stock is trading up 3.6% at $1.15 in recent trading.
Today's Range: $1.10-$1.1752-Week Range: $0.90-$2.78 Volume: 960,000 Three-Month Average Volume: 2.6 million From a technical perspective, GSS is moving notably higher here right into its 50-day moving average of $1.15 with light volume. For the past two months, shares of GSS have started to uptrend, with the stock making higher lows and higher highs, which is bullish technical price action. That move has now pushed GSS within range of triggering a major breakout trade. That trade will hit once GSS takes out some near-term overhead resistance levels at $1.22 to $1.23, and then more resistance at $1.32 with high volume. Traders should now look for long-biased trades in GSS as long as it's trending above some near-term support at $1.09, and then once it takes out those breakout levels with volume. Look for a sustained move or close above those levels with volume that's near or above its three-month average action of 2.6 million shares. If that breakout triggers soon, then GSS will have a great chance of re-testing and possibly taking out its 200-day moving average of $1.65.
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