Golden Star Resources

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Golden Star Resources ( GSS) is an international gold mining and exploration company producing gold in Ghana, West Africa. This stock is trading up 5.5% to $2.08 in recent trading.

Today's Range: $1.98-$2.08

52-Week Range: $0.90-$2.39

Volume: 2.3 million

Three-Month Average Volume: 2.2 million

From a technical perspective, GSS is bouncing hard here right off some near-term support at $1.90 with above-average volume. This move has started to push GSS into near-term breakout territory, since the stock is taking out some resistance levels at $2.03 to $2.05 with high volume.

Traders should now look for long-biased trades in GSS as long as it's trending above those breakout levels with strong upside volume flows. I would consider any upside volume day that registers near or above 2.2 million shares as bullish. If GSS can maintain that trend, then this stock will setup to re-test or possibly take out its next major overhead resistance levels at $2.25 to $2.39. Any high-volume move above those levels will then setup GSS to hit $2.78 to $3.12.

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