Albemarle $ALB Stock Breaks Above 200 Day Moving Average

  • Post category:Stock Trading
  • Reading time:2 mins read
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Albemarle $ALB stock broke above its 200 day moving average on January 23, 2023. We need at least a day or two trading above this level to confirm the break.

Albemarle stock chart on January 23 2023 with a break above the 200 day moving average with a positive MACD and money flow
Albemarle stock chart on January 23 2023 with a break above the 200 day moving average with a positive MACD and money flow

Albemarle named short-term buy idea at Deutsche Bank

Prior to the company’s strategy call on January 24, 2023, Deutsche Bank analyst David Begleiter recommended a Catalyst Call Buy on Albemarle shares on January 17, 2023. According to the analyst, Albemarle’s 2023 guidance will exceed expectations for both lithium and the entire company. Additionally, he thinks the company will offer commentary on lithium pricing and perhaps guidance for its five-year outlook that is higher than sell-side predictions of lithium prices declining significantly over the following few years.

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