Recent pressure on Albemarle provides buying opportunityThere has been a lot of pressure on NYSE:ALB recently. We think it is a solid company, and that this provides an opportunity for a move up to the mid-200's.
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About Albemarle Corporation
Sector
Process Industries
Industry
Chemicals: Specialty
CEO
Jerry Kent Masters
Website
albemarle.com
Headquarters
Charlotte
Employees
7.4K
Founded
1993
ISIN
US0126531013
Albemarle Corp. engages in the development, manufacture, and marketing of chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, transportation, pharmaceuticals, crop production, food-safety, and custom chemistry services. It operates through the following business segments: Lithium, Bromine, Catalysts, and All Other. The Lithium segment develops and manufactures basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents. The Bromine segment consists of bromine and bromine-based businesses including products used in fire safety solutions and other specialty chemicals applications. The Catalysts segment contains two product lines: clean fuel technologies, which are primarily composed of hydro processing catalysts, and heavy oil upgrading that is composed of fluidized catalytic cracking catalysts and additives. The All Other segment includes the FCS business. The company was founded in 1993 and is headquartered in Charlotte, NC.
ALB longNot much to say about this set up. Right in demand zone with an upside gap. Adjust risk accordingly but im long on this.
ALB - 2 times book and great cashflowWe like Albemarle here for a move up to the mid-200's based on valuation and cash flow.
ALB Relative Performance at the Juncture of Breaking down/out$ALB cheap @ 9x FPE but technical is poor relative to #SPY, #IWF #XLB. This week is critical could break relative uptrend to all 3 ETFs. Though daily RSI could bounce weekly still in downtrend, bounce will be retested. Next Support @ 186. MS' PT 155 siting oversupply of Lithium.
Albmerale adding this to watch list again play on materialAlbmerale adding this to watch list again play on material
#ALB to 170$?Hello dear Traders,
Here is my idea for #ALB
Price closed below yellow line (previous month low)
Price closed in 15 Minute chart below purple trigger line -> Enter Trade.
Targets marked in the chart (green lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any ques
$ALB Continuation Head and Shoulders SetupEarning volatility last Thursday on $ALB causing 13%+ wide swing from potential breakout level.
That also created the right shoulder of a head and shoulders continuation pattern.
We can all agree though that today as TIGHT.
9/28/22 ALBAlbemarle Corporation ( NYSE:ALB )
Sector: Process Industries (Chemicals: Specialty)
Market Capitalization: $31.587B
Current Price: $277.95
Breakout price: $297.50
Buy Zone (Top/Bottom Range): $275.50-$250.30
Price Target: $364.40-$369.30 (3rd)
Estimated Duration to Target: 152-162d (3rd)
Contrac
$ALB long ideaHello dear Traders,
Here is my idea for #ALB
Daily close above the yellow trigger line (previous month high) to enter trade.
We try to anticipate a 3-2-2 bullish reversal in the weekly chart - price found support at monthly pivot Line
Momentum: Weekly UP, Monthly UP
LIT ETF with IV30% Rank = 9%
Targ
Is Albemarle Trying to Break Out?Alternate energy has shown relative strength since the Inflation Reduction Act took effect in August. Lithium provider Albemarle is a potential beneficiary.
The first pattern on today’s chart is the trendline running along the highs of November and June. ALB ripped through that line three weeks ago
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
