U.S. Silica Holdings It might be hard to imagine that you can make good money investing in a company that specializes in sand, but U.S. Silica Holdings stock more than doubled in 2013 and is up more than 70% year to date. It provides sand to the industrial and energy sectors, with nearly three-quarters of its earnings recently coming from its oil operations....
SLCA is looking good with MACD cross and a resistance level now, but we would look to buy break with good volume supporting move. Stop below breakout.
Another hurricane play, SLCA has worked really well.
- First sequence of another leg up after completion of the Elliot Wave Theory consolidation - Broke out above rising wedge, which was also a breakout above the 50% Fibonacci Retracement - Found significant support at the 50% Fib Retracement when drawn from the charts low in Aug to the High in March - First Price Target @ $25.81 - Second Price Target @ $28.50
Possible range breakout after a prolonged sideways correction that has brought in new shareholders and allowed old shareholders to take profits. It appears the stock is now ready for a new leg to the upside. Look for this recent burst out to continue as volume lifted as the price made a move to get this stock out of the range. We will likely see a strong...