Market Blog Technical Analysis

Fairmount Santrol Holdings Inc continues bullish momentum

Fairmount Santrol Holdings Inc (NYSE:FMSA) continued its bullish momentum last week. On Friday, the stock jumped more than 9% on volume well above the average, crossing the 100-day moving average for the first time in months and breaking key resistance at $3.94. These signs show high probability for continuation of current momentum in the next couple of trading days. From a technical standpoint, the RSI remains overbought but higher lows indicate