U.S. Silica Holdings, Inc. is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells. As of December 31, 2016, the Industrial & Specialty Products segment consisted of over 215 products and materials, which are used in a range of industries, including container glass, fiberglass, specialty glass, flat glass, building products, fillers and extenders, foundry products, chemicals, recreation products and filtration products. It produces and sells a range of commercial silica products, including whole grain and ground products, as well as other industrial mineral products.
Liking this bottom here on SLCA. DEMAND > SUPPLY over the last 4 weeks in the volume histogram. There are two major stop volume candles preceding it on high volume showing absorption of supply. A close above the candle for the week of August 7th ($27.67) should provide the necessary short covering for a reversion back towards the LVN and POC. The first chart is for 2017. The second chart is a 3 year chart (which shows support at the 3 year POC).
The aggravation continues. Hit a high of $30.27 and got crapped all over. That level was essentially the open of July 24th - which saw a sell climax of over 11 million shares. Pretty much gonna be the line in the sand for now as it needs to be breached to trigger a proper short cover. I always have the hardest time holding onto a stock grinding it's way up like this.
Hit a high of $32.61 today, so basically +476 tick move (17.1%) to this point. Last year's most active price-by-volume (POC) is still at approx $36.00. Now that it broke above the stop volume candle, that area should theoretically act as support. The idea here is that anytime the price action breaks above a stop candle - the shorts who previously entered there will be forced to cover their positions. Considering that stop volume candles always happen on sell climax volume - that should be a significant amount of covering.
http://schrts.co/NSvKpo < -- on an uptrend with the CCI,STO,MACD and bullish pin support. <-- in due shooting to 30 .. entered at 25.90 on 28th Feb (2nd re-entry) after exit on 27th Feb (GMT +8 time zone)