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Albemarle Bearish Moving Average Crossover Alert (ALB)

By David Diaz

Today, shares of Albemarle (NYSE:ALB) have fallen below their 10-day MA of $85.78 on a volume of 152K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Albemarle has traded in a range of $41.37 to $87.29 and is now at $85.60, 107% above that low. The 200-day and 50-day moving averages have moved 0.53% higher and 1.73% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Albemarle on July 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.86. Since that recommendation, shares of Albemarle have risen 6.6%. We continue to monitor ALB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses albemarle

Ticker(s): ALB