• Return to Headlines

Look for Shares of Albemarle Corp to Potentially Pullback after Yesterday's 1.19% Rise

By Amy Schwartz

Albemarle Corp (NYSE:ALB) traded in a range yesterday that spanned from a low of $99.60 to a high of $101.24. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $100.08 on volume of 698,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Albemarle Corp share prices have moved between a 52-week high of $144.99 and a 52-week low of $86.75 and are now trading 16% above that low price at $100.78 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.5%.

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: rebounders albemarle corp

Ticker(s): ALB