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Shares of Albemarle Corp Has Fallen Below Previous 52-Week Low

By Shiri Gupta

Shares of Albemarle Corp (NYSE:ALB) traded at a new 52-week low today of $62.94. Approximately 282,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Over the past year, Albemarle Corphas traded in a range of $62.94 to $108.74 and are now at $62.94. The 200-day and 50-day moving averages have moved 0.53% lower and 0.12% higher over the past week, respectively.

Albemarle Corp has overhead space with shares priced $62.94, or 49.0% below the average consensus analyst price target of $123.50. The stock should find initial resistance at its 50-day moving average (MA) of $70.68 and further resistance at its 200-day MA of $79.98.

Albemarle Corporation produces specialty and fine chemicals. The Company's chemicals are additives to or intermediates for plastics, polymers and elastomers, cleaning products, agricultural compounds, pharmaceuticals, photographic chemicals, drilling compounds, and biocides. Albemarle produces the majority of its products in the United States.

SmarTrend is monitoring the recent change of momentum in Albemarle Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Albemarle Corp in search of a potential trend change.

Keywords: 52 week high/lows albemarle corp

Ticker(s): ALB