U.S. Silica Holdings (SLCA) : Traders are bullish on U.S. Silica Holdings (SLCA) as it has outperformed the S&P 500 by a wide margin of 14.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.4%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.58% in the last 1 week, and is up 13.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 9.15% and the 50-Day Moving Average is 16.78%.The 200 Day SMA reached 67.24%
U.S. Silica Holdings (NYSE:SLCA): After opening at $45.69, the stock dipped to an intraday low of $45.31 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $46.88 and the buying power remained strong till the end. The stock closed at $46.56 for the day, a gain of 2.74% for the day session. The total traded volume was 1,420,666. The stocks close on the previous trading day was $46.56.
U.S. Silica Holdings (SLCA) stock is expected to deviate a maximum of $6.35 from the average target price of $45.89 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $56 and the most muted being $35.
U.S. Silica Holdings, Inc. (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. The Company operates approximately 17 production facilities across the United States and controlled 363 million tons of reserves, including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.