Commodity Prices increasing and more money flows going into Commodities Smart Sand has shown increased Net Income, and reduction in Current Liabilities. Price has potential to get to 2018 levels.
Keeping this here as a reminder. I won't buy in unless it gets to $1.92, currently at $2.21. $1.92 would be an 88.6% retrace from the $1.70 previous low (which I will use as a stop/loss if I get in this trade).
NASDAQ:SND is forming a flag pattern and seems to be ready for another leg up. Anticipated price action is shown on the chart, stop may be placed at 2.5$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Smart Sand, Inc. owns and operates a raw frac sand mine and related processing facility near Oakdale, Wisconsin. It supplies industrial sand to the oil and gas industry. The company was founded in 2011 and is headquartered in The Woodlands, TX.
SHORT INTEREST
3.92M 07/31/19
P/E Current
4.91
P/E Ratio (with extraordinary items)
3.51
P/E Ratio (without...
First chart, not financial advice (Fixed formatting issue on previous post)
Price moving above the 12-period EMA on daily chart , looking to go long on a close above the wedge and possibly take profits at fibonacci resistance levels.
I added the previous rally's retracement levels to show where extra resistance lies.
Thoughts? Criticism?
First chart, not financial advice.
Price moving above the 12-period EMA on daily chart, looking to go long on a close above the wedge and possibly take profits at fibonacci resistance levels.
Thoughts? Criticism?
SND is currently moving inside a 1 year long decending wedge pattern which tend to be bullish.
Pair that with a fracking sand shortage this could be a bullish move for fracking sand companies.
Target: 7 dollars
SmartSand Inc beat earnings estimates for Q4 2017 but a sell off is continuing from highs of $10. Watch for a double bottom and reversal of the downtrend. Watch for MFI to become oversold and keep an eye on other energy sector stocks as well as oil price, price per barrel should be $60+.
Smart Sand, Inc. engages in supplying frac sand and related services. The firm offers complete mine to wellsite proppant supply and logistics solutions. It supplies industrial sand to the oil and gas industry. The company was founded on July 19, 2011 and is headquartered in The Woodlands, TX.
NASDAQ
