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Bearish Moving Average Cross by Albemarle (ALB)

By Amy Schwartz

Today, shares of Albemarle (NYSE:ALB) have fallen below their 10-day MA of $113.50 on a volume of 469K 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 has traded in a range of $41.37 to $116.64 and is now at $112.69, 172% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.7%.

SmarTrend recommended that subscribers consider buying shares of Albemarle on September 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.36. Since that recommendation, shares of Albemarle have risen 41.8%. 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