US Silica Holdings SLCA setting up for a rally

579 2
Possible range breakout after a prolonged sideways correction that has brought in new shareholders and allowed old shareholders to take profits. It appears the stock is now ready for a new leg to the upside.

Look for this recent burst out to continue as volume lifted as the price made a move to get this stock out of the range.

We will likely see a strong reaction again from higher levels near 26-28 as that saw heavy selling by aggressive traders. Look for higher-lows to occur despite the strong price reaction and then look for higher-highs subsequently.

Risk: 10%
Upside: 15%-25%
Probability 40%

Tim West 11:34AM EST Friday, July 19, 2013
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Good time to buy maybe right here
Tim, what does mean probability? Why it's only 40%? I'd expect to see probability at least more than 60%.
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