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Bearish Moving Average Cross by Albemarle Corp (ALB)

By David Diaz

Albemarle Corp (NYSE:ALB) shares have crossed bearishly below their 10-day moving average of $95.70 on a volume of 461K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Albemarle Corp share prices have been bracketed by a low of $86.75 and a high of $144.99 and are now at $94.70, 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.7%.

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

Keywords: moving crosses albemarle corp

Ticker(s): ALB