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Mid-Day Follow-Up Commentary on Selected Stocks: (NYSE: NSM), (NYSE: SLCA)


New York, NY -- (ReleaseWire) -- 01/07/2013 --Nationstar Mortgage Holdings Inc. (NYSE: NSM), a company engaged in the servicing of residential mortgage loans in the U.S., is soaring in mid-day trading today after the company agreed to acquire mortgage servicing assets from Bank of America Corporation (NYSE: BAC). The company’s subsidiary signed a definitive agreement to acquire nearly $215 billion in residential mortgage servicing rights, as measured by unpaid principal balance as of November 30, 2012, from Bank of America. The transaction will help NSM expand its customer base.

NSM is currently trading 11.59% higher at $37.08 on volume of 6.22 million, which is well above the daily average volume of 959,876. NSM has broken through $36 resistance level as a result of today’s rally.

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U.S. Silica Holdings Inc. (NYSE: SLCA), a silica sand supplier company, is up sharply in mid-day trading today. At last check, SLCA was trading 7.93% higher at $18.51 on volume of 350,143, which is below the daily average volume of 488,431. The stock hit an intra-day high of $18.71 in trading today.

SLCA has broken through $18 resistance level as a result of today’s rally. The next resistance level for the stock is at around $21. If SLCA breaks through this level then the next resistance level will be at $22. The stock currently has strong support at around $16.

Find out where SLCA could be headed by getting the free full report here:

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