Long Position on SLCA @ $33.50 on 3/4/2015 (Fundamentals)

U.S. Silica Holdings, Inc. (SLCA) produces and sells commercial silica in the United States.

The company operates in two segments, Oil & Gas Proppants, and Industrial & Specialty Products. It offers whole grain commercial silica products as fracturing sand in connection with oil and natural gas recovery; and provides its products to the foundry and building products industries, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products. 

The company's stock price moves in tandem with oil prices. There are two charts shown here. The chart on top shows the stock's 3-month price chart.

A bullish "cup & handle" is shown on the first chart. This is due to the recent rebound in oil prices. Also shown is a one year chart of the stock price. This stock should see little resistance before reaching the $40 level.

52-Week Trading Range: $22.71 to $73.43

Last Trade: $33.50

Stop Loss: $31.75

Target Price: $36.85

Updates

3/4/2015 10:49:08 AM

We are lowering our stop loss to $31 on SLCA. Weekly petroleum inventories came in higher than expected. We expect a recovery in shares.

3/10/2015 10:13:15 AM

SLCA fell below our stop loss. Closed at $31.

Position closed on 3/10/2015 at price of $31.00 with a -7.46% loss in 6 days.

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