Albemarle Corp (ALB) NYSE
Report No. Report No. 802
Analysis by: Harry Aloof
JUL 9, 2021

Weekly PICK
ALBEMARLE CORP (ALB-NYSE): Technical
Viewpoint: From a low of $149.66 on May 6, 2021
prices rallied, reaching a high of $177.18 on Jun 8, 2021.
A decline saw prices pull back, reaching a low of $158.82 on Jun 18, 2021. Another rally saw prices penetrate resistance
line "A", closing yesterday at $175.51. Technicals:
MACD Index (MACD): A Buy Alert! was given on Jul 7, 2021 when the solid line crossed the dotted line to the upside. Support: Remains at $163.00. Resistance:
Is at $177.18. Point & Figure: Reversed to the
upside on Jun 24, 2021. A P&F downside reversal
takes place at $162.00. Summary: Technical indicators have
turned bullish. BUY! Albemarle Corp (ALB-NYSE) @ $176.50 Stop:
Use a protective stop of $169.50. Albemarle Corp
is currently trading @ $175.51 plus $1.15 on Jul 8, 2021.
Price Objective: $201.00. Risk/Reward: $7.00
VS. $24.50. Weekly Risk Reward Ratio: 3:1