U.S. Silica Holdings, Inc. : Strong financials support the rise
By Pierre Gilles de la Londe
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$44.9 | US$0 | US$39.6 | -100% |
Graphically, a good opportunity emerges. A strong support is defines by the lower trend line at USD 39.5. Thanks to this trend, prices could reach the USD 52.5 which correspond to the next resistance.
According to both fundamentals and technical analysis, a good opportunity could has emerged to getting long on U.S Silica Holdings. The target will be the USD 52.5 level and a stop-loss order could be placed under the recent support of USD 40.3.