ALB, Albemarle Corp.
Context Technical Analysis
In the last few days ALB turned up and above its 10- 20- and 50-day moving average.
In addition to this, ALB broke above the lower resistance line and is currently moving in a strong bullish trend on the upper Bollinger Band.
MACD is moving up, just above its Signal Line.
The Relative Strength of ALB is moving up and above its 20-day moving average.
Higher Time Frame
From ALB's weekly chart below, we can see:
· ALB has moved above its 10- 20- and 50-week moving average
· ALB also broke above the yellow resistance line.
· The MACD is rising and it’s just above its signal line
· ALB’s Relative Strength is moving up and above its 20-day moving average.