Long Position on SLCA @ $34.50 on 3/26/2015 (Momentum)

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. Shares have now overcome an overhead resistance on $32-$33 and higher share prices are expected for this stock as long as the dollar eases and oil moves higher.

52-Week Trading Range: $22.71 to $73.43

Last Trade: $34.50

Stop Loss: $32.77

Target Price: $37.95

Updates

4/15/2015 10:06:28 AM

SLCA reached our arget. Closed at $38.10.

Position closed on 4/15/2015 at price of $38.10 with a 10.43% gain in 20 days.

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