How Will the Market React to Albemarle Corporation (ALB) Stock Getting a Bullish Rating

Albemarle Corporation (ALB) stock is higher by 6.73% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Albemarle Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ALB!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ALB Stock Today?

Albemarle Corporation (ALB) stock is trading at $218.82 as of 10:08 AM on Wednesday, Apr 20, a gain of $0.69, or 0.32% from the previous closing price of $218.13. The stock has traded between $217.32 and $222.21 so far today. Volume today is light. So far 85,035 shares have traded compared to average volume of 900,799 shares.

More About Albemarle Corporation

Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is also a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts. Click Here to get the full Stock Report for Albemarle Corporation stock.