SXL – Southern Cross Media Group
Southern Cross Media Group has formed a nice uptrend in the last few months, moving from a low of $1.02 in early April to a high of $1.33 today. It appears to have broken through resistance at $1.30 and is closing in on its 12 month high of $1.40.
Volume is subdued but steady, which could point to a lack of sellers and buyers chasing them to pick up the shares. This is looking like it could get past $1.40 in the short term, but it may consolidate further between $1.30-$1.40 before doing so.
