U.S. Silica Holdings Inc (NYSE: SLCA)

U.S. Silica Holdings, Inc. produces and sells commercial silica in the United States. The company operates in two segments, Oil & Gas Proppants, and Industrial & Specialty Products. It offers whole grain commercial silica products as fracturing sand in connection with oil and natural gas recovery; and provides its products to the foundry and building products industries, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products. The company also provides ground commercial silica products for use in plastics, rubber, polishes, cleansers, paints, glazes, textile fiberglass, and precision castings; and fine ground silica for use in premium paints, specialty coatings, sealants, silicone rubber, and epoxies.
Please take a look at the 1-year chart of SLCA (U.S. Silica Holdings, Inc.) below with my added notations:

SLCA has been trending solidly higher since its bottom in late January. Starting in March the stock has shown a tendency to always find support on the increments of $5 (blue). For example, in March and April $35 acted as support. Then $40 was support in April. There was support at $45 in May, and $50 in June. So, identifying this trend should help when it comes to identifying when to enter a trade on SLCA.

The Tale of the Tape: SLCA is currently trading above the $55 level. A long position could be entered at $55 or on a break above $60 with a stop placed below the level of entry. If SLCA breaks below $55, another long play could be made at $50.
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