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Albemarle Corp Bullish Moving Average Crossover Alert (ALB)

By Nick Russo

Today, shares of Albemarle Corp (NYSE:ALB) have advanced above their 10-day MA of $76.65 on a volume of 258K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Albemarle Corp share prices have been bracketed by a low of $71.89 and a high of $108.74 and are now at $77.10, 7% above that low price. The 200-day and 50-day moving averages have moved 0.44% lower and 0.64% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Albemarle Corp on March 7th, 2019 by issuing a Downtrend alert when the shares were trading at $84.98. Since that call, shares of Albemarle Corp have fallen 10.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses albemarle corp

Ticker(s): ALB