This week’s Momentum Trading Alert targets the red-hot lithium sector. As I’ve discussed previously in The Global Guru, lithium is a sector with lots of momentum behind it.
Founded in 1994 and based in Charlotte, North Carolina, Albemarle Corporation (ALB) develops, manufactures and markets specialty chemicals worldwide. The company offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride and lithium specialties and reagents for applications in lithium batteries and high performance greases.
Albemarle’s customers are primarily in the consumer electronics, energy storage and automotive sectors.
Albemarle Corporation (ALB) vs the S&P 500 over the past year.
Momentum Trader Alert Analysis
Buy Albemarle Corporation (ALB) at market today, and place your stop at $90.00.
In light of the stock’s sharp move upward last week, I am holding off on recommending options for now.
Nicholas A. Vardy