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Shares of ALB Up 36.1% Since Uptrend Call on Shares

By Nick Russo

SmarTrend identified an Uptrend for Albemarle (NYSE:ALB) on September 22nd, 2016 at $81.36. In approximately 8 months, Albemarle has returned 36.11% as of today's recent price of $110.73.

In the past 52 weeks, Albemarle share prices have been bracketed by a low of $41.37 and a high of $112.88 and are now at $110.73, 168% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.5%.

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 will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Albemarle shares.

Log in and add Albemarle (ALB) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights albemarle

Ticker(s): ALB