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After Yesterday's Rally of 1.85% Shares Could Potentially Pullback

By Nick Russo

Us Silica Holdin (NYSE:SLCA) traded in a range yesterday that spanned from a low of $32.97 to a high of $33.77. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $33.37 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Us Silica Holdin share prices have been bracketed by a low of $23.75 and a high of $61.49 and are now at $33.47, 41% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.6%.

SmarTrend recommended that subscribers consider buying shares of Us Silica Holdin on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.98. Since that recommendation, shares of Us Silica Holdin have risen 17.9%. We continue to monitor SLCA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders us silica holdin

Ticker(s): SLCA