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Shares of Us Silica Holdin Fall Below Previous 52-Week Low

By James Quinn

Shares of Us Silica Holdin (NYSE:SLCA) traded today at $17.91, breaking its 52-week low. This new low was reached on below average trading volume as 653,000 shares traded hands, while the average 30-day volume is approximately 2.6 million shares.

In the past 52 weeks, Us Silica Holdin share prices have been bracketed by a current low of $17.91 and a high of $38.70 and are now at $18.17. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.9%.

U.S. Silica Holdings, Inc. is a producer of industrial silica and sand proppants. The Company produces a variety of industrial minerals including sand proppants, whole grain silica, ground silica, fine ground silica, calcined kaolin clay, and aplite clay. U.S. Silica offers its products to the oil and gas, glass, chemical, and building products industries.

Potential upside of 98.4% exists for Us Silica Holdin, based on a current level of $18.17 and analysts' average consensus price target of $36.05. The stock should run into initial resistance at its 50-day moving average (MA) of $21.55 and subsequent resistance at its 200-day MA of $27.48.

SmarTrend recommended that its subscribers protect gains by selling shares of Us Silica Holdin on June 5th, 2018 by issuing a Downtrend alert when the shares were trading at $30.11. Since that call, shares of Us Silica Holdin have fallen 37.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows us silica holdin

Ticker(s): SLCA