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Bullish Moving Average Cross by Albemarle (ALB)

By Shiri Gupta

Today, shares of Albemarle (NYSE:ALB) have advanced above their 10-day MA of $66.52 on a volume of 143K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Albemarle have traded between a low of $41.37 and a high of $68.75 and are now at $67.56, which is 63% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 2.4%.

SmarTrend recommended that subscribers consider buying shares of Albemarle on January 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.46. Since that recommendation, shares of Albemarle have risen 28.6%. 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