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Albemarle Crosses Below its 10-day MA (ALB)

By Amy Schwartz

Today, shares of Albemarle (NYSE:ALB) have crossed bearishly below their 10-day moving average of $64.33 on a volume of 173K 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 $56.64 to $70.00 and is now at $64.13, 13% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend is tracking the current trend status for Albemarle and will alert subscribers who have ALB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses albemarle

Ticker(s): ALB