Watch These Albemarle Price Levels After Stock's Big Jump
Albemarle(ALB) Investopedia·2024-09-12 21:47
Key TakeawaysShares in lithium producer Albemarle will likely remain in focus on Thursday after a big jump yesterday that came after a key Chinese battery producer announced plans to reduce its lithium production levels, a move that could balance the metal’s supply-and-demand dynamics.The stock closed above the 50-day MA on the highest trading volume since early July, increasing the chances of a potential upside trend reversal.Amid follow-through buying, investors should monitor key levels on Albemarle's ch ...