My straws from some months ago have played out well after the company reported good earnings.

The shares have now broken above resistance close to $1, and we have also had some encouraging follow through beyond that round number $1 mark over the following few days on higher than normal volume.

The technical set up favours further upside now. The only ceveat is the shares do look short-term overbought on a number of indicators, so some pause for taking a breather or pullback to test the breakout levels around $1 wouldn't be surprising. Successful consolidation above, or a successful test of those levels is actually even more bullish longer-term if it happens.

Director Martin Monro has purchased $23k worth of shares on-market. It continues the recent trend of modest insider buys.

Technically, SSM shares are looking better placed than in quite a while. They have rotated above a double-bottom base established recently on the daily chart, and are also above an area of resistance around 75c.

Coupled with some recent director buying and a windfall refund from the ATO, it won't be surprising if the shares continue to grind higher over the coming months.