This Top Performing Stock Is Breaking Out Again

posted in: crude oil, Select Sands | 0

One of the best performers on the TSX-Venture exchange this year, Select Sands (SNS.V), is already up nearly 500% during 2015 and looking to add to its gains as it breaks-out from a multi-week ascending triangle pattern:


SNS.V (Daily)


The breakout from the ascending triangle targets at least the June high at C$.50 – there are also strong signs of accumulation in the last couple months with up volume (volume on up days) far outpacing down volume.

Looking at the monthly chart of SNS there is a much larger pattern at play; a breakout from the multi-year rectangle targets C$.90-C$1.00:


SNS.V (Monthly)


It’s hard to ignore such strong price action and volume, particularly when placed against a backdrop of a Venture Index that continues to make all-time lows on an almost daily basis.


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