Why Albemarle Stock Could Go From Bad to Worse

Albemarle Corporation (NYSE:ALB) stock was last seen down 6.4% at $114.79, despite today announcing a multi-year agreement with the BMW Group for lithium for hydroxide supplies. The shares are down 55.2% over the last 12 months, and last week ran into resistance from a trendline that has historically generated headwinds.Albemarle stock is within one standard deviation of its 80-day moving average. Per Schaeffer's Senior Quantitative Analyst Rocky White's data, the equity saw five similar signals in the last ...