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Albemarle Corp Bearish Moving Average Crossover Alert (ALB)

By David Diaz

Today, shares of Albemarle Corp (NYSE:ALB) have crossed bearishly below their 10-day moving average of $65.41 on a volume of 632K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Albemarle Corp has traded in a range of $61.24 to $108.74 and is now at $63.96, 4% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Albemarle Corp on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $68.75. Since that call, shares of Albemarle Corp have fallen 4.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses albemarle corp

Ticker(s): ALB