Valued at $168.5 million, Smart Sand Inc. (SND) is a producer of northern white raw fracking sand for the oil and gas industry. Since the Trend Seeker system signaled a new “Buy” on Sept. 18, the stock has gained 83.9%, highlights Jim Van Meerten, analyst at Barchart.
SND offers proppant and related logistics services for oil and gas recovery from unconventional wells. I found it by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals and superior current momentum in both strength and direction.
SmartSand Inc. (SND)
Smart Sand hit a three-year high of $3.94 on Dec. 5. It has a Weighted Alpha of +87.8 and a 100% “Buy” opinion from Barchart. Smart Sand also made 17 new highs and gained 84.5% in the last month. The Relative Strength Index (RSI) is at 85.7 and there’s a technical support level around $3.62.
As long as the oil industry continues to frack, they will need fracking sand, and Smart Sand mines some of the best northern white sand available. But should you decide to add it to your portfolio, it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
