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 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 CatalystA stock catalyst is an engine that will drive your stock either up or down. A catalyst could be news of a new contract, SEC filings, earnings and revenue beats, merger and acquisit... 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.