SmarTrend's Trend Spotter Sees Continued Upward Momentum on Shares of Albemarle (ALB)
SmarTrend identified an Uptrend for Albemarle (NYSE: ALB) on February 18, 2010 at $37.94. In approximately 2 weeks, Albemarle has returned 8.5% as of today's recent price of $41.17.
Albemarle is currently above its 50-day moving average of $37.26 and above its 200-day moving average of $32.74. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Albemarle shares.
Write to Chip Brian at cbrian@tradethetrend.com
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