ALB - Albemarle Corp - Re-Test Done.Hello Everyone, Follower,
Happy evening to all. I made a quick break , wathed Formula 1 and I am here again now to share today's last stock which is ALB - Albemarle Corp.
What they do?
Albemarle Corporation develops, manufactures, and markets highly engineered specialty chemicals around the world. The company focuses on lithium compounds, bromine-based products, and refining catalysts. With a history dating back to 1887, Albemarle was incorporated in 1994 and has its headquarters in Charlotte, North Carolina.
Albemarle's products are used in a wide range of products, ranging from pharmaceuticals to cleaning, water treatment, agricultural, electronic, paper, and photographic products. The company operates its business through three segments, including Lithium, Bromine Specialties, and Catalysts. Albemarle's Lithium segment develops and manufactures lithium-based compounds, value-added lithium specialties, and reagents. The Bromine Specialties segment is focused on fire safety solutions and other specialty chemicals applications. The company's Catalysts segment manufactures three main product lines: performance catalyst solutions (PCS); fluidized catalytic cracking (FCC) catalysts and additives; and Clean Fuels Technologies, which includes hydroprocessing catalysts (HPC) and isomerization and akylation catalysts.
As of December 2021, the company employs approximately 5,400 people and serves clients in around 100 countries. On 30 September 2021, Albemarle announced reaching an agreement with Guangxi Tianyuan New Energy Materials Co., Ltd., a China-based lithium converter, to acquire all outstanding equity in the company for approximately $200m.
Financials :
Market Cap : 10.38 B
Revenue : 4.99 B
P/E Ratio : -9.46
EPS : -9.3269
Dividend (Yield) : 1.62 (1.84%)
Technical Part:
Now our part :)
Last week it broke the Down trade to UP and then Re-test the break level. Everything works as expected. I am expecting this trend to continue.
If it breaks the 92.30 - 92.50 and stay above this level then it will confirm the Break Up and these levels would be a good level to get ALB.
Other possibility is re-test the 83.30 - 83.50 again then go Up , if it would do this then these levels also could be another good levels to get , and for me it is much better level.
My personal thinking is quite Positive for ALB. Their sector is being demanded because of the Electrical Autos and i see the good opportunity on it.
My First Target is between 113 to 118 which is approx %30 - %35 above from today's price level.
I have already added ALB to my watch list for next week.
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Have a lovely Sunday to all.
