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Albemarle Corp Set to Possibly Rebound After Yesterday's Selloff of 2.05%

By Nick Russo

Albemarle Corp (NYSE:ALB) traded in a range yesterday that spanned from a low of $67.97 to a high of $70.35. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $68.76 on volume of 515,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Albemarle Corp share prices have been bracketed by a current low of $67.97 and a high of $108.74 and are now at $67.99. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.9%.

Keywords: rebounders albemarle corp

Ticker(s): ALB