Albemarle Corporation (ALB) Shares are Up 5.87%

Albemarle Corporation (ALB) : Traders are bullish on Albemarle Corporation (ALB) as it has outperformed the S&P 500 by a wide margin of 4.87% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.7%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.87% in the last 1 week, and is up 4.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 7.06% and the 50-Day Moving Average is 4.76%.The 200 Day SMA reached 24.04%


Albemarle Corporation (NYSE:ALB): After opening at $83.93, the stock dipped to an intraday low of $83.49 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $85.835 and the buying power remained strong till the end. The stock closed at $85.49 for the day, a gain of 2.81% for the day session. The total traded volume was 1,380,522. The stocks close on the previous trading day was $85.49.

Albemarle Corporation (ALB) : 9 Wall Street analysts covering Albemarle Corporation (ALB) believe that the average level the stock could reach for the short term is $85.78. The maximum price target given is $102 and the minimum target for short term is around $60, hence the standard deviation is calculated at $13.53.

Albemarle Corporation (Albemarle) is a developer, manufacturer and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food-safety and custom chemistry services markets. The Company operates through two segments: Performance Chemicals and Catalyst Solutions. As of December 31, 2014, the Performance Chemicals segment includes the Fire Safety Solutions, Specialty Chemicals and Fine Chemistry Services product categories. As of December 31, 2014, the Catalyst Solutions segment includes the Refinery Catalyst Solutions and Performance Catalyst Solutions product categories.

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