Long Position on HCLP @ $61.90 on 8/21/2014 (Momentum)

Hi-Crush Partners LP (HCLP) operates as a producer and supplier of monocrystalline sand.

Monocrystalline sand is a mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells.

It own, operates, and develops interests in sand reserves, and related excavation and processing facilities in Wyeville, Wisconsin, including a 651-acre facility with integrated rail infrastructure.

The company offers raw frac sand used in hydraulic fracturing operations in oil and natural gas wells. It serves pressure pumping service providers.

Hi-Crush GP LLC operates as the general partner of the company. 

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock. Note that the firm's competitor, SLCA, hse been featured several times in the past with great success. We expect higher share prices for HCLP.

52-Week Trading Range: $23.08 - $69.25

Entry Point: $61.90

Stop Loss: $58.85

Target Price: $68.15    

Updates

8/29/2014 10:01:05 AM

HCLP reached our target price. Closed at $68.25

Position closed on 8/29/2014 at price of $68.20 with a 10.18% gain in 8 days.

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