Albemarle Corp. stock trades under the ticker ALB & has shown recent bullishness that traders & investors should take a closer look at.
ALB stock closed at $231.33/share on 10/14/2021, and is part of the specialty chemicals industry.
Albemarle Corp. ALB Stock’s Technicals Broken Down
ALB Stock Price: $231.33
10 Day Moving-Average: $220.22
50 Day Moving-Average: $227.34
200 Day Moving-Average: $180.06
RSI: 58.5
MACD: -0.906
After completing a bullish MACD crossover yesterday, ALB stock looks to have additional momentum to drive their share price higher.
ALB also bullishly broke out over its 10 & 50 Day Moving-Averages, while still maintaining a relatively neutral RSI of 58.5.
Their next major test will be around the $236 level, which will be made easier as the 10 Day MA is ~3% away from crossing the 50 Day MA.
Albemarle Corp. ALB Stock As A Long-Term Investment
Investors may be interested in ALB stock’s valuation, with a P/E (ttm) of 34.4 & a P/B of 4.1.
With a Beta of 1.59, ALB stock is a bit more volatile than the rest of the broader markets.
ALB offers a dividend yield of 0.69%, which looks safe given their low payout ratio of 24.9%.
ALB stock’s Quarterly Revenue Growth (Y-o-Y) was very modest at just 1.03%.
Their Balance Sheet is an area of concern, with Total Cash (mrq) of $823.6M & Total Debt (mrq) of $2.22B.
Albemarle Corp. ALB Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to take advantage of ALB stock’s bullish momentum, while hedging against broader market volatility.
I am looking at the contracts with the 11/19 expiration date.
The calls with the $220 & $230 strike prices look appealing & are in-the-money, although their open interest levels are still <1,000, which some traders consider to be too illiquid.
The $240 & $230 puts also look interesting, but have even less open interest, showing that traders still have more bullish than bearish sentiment for ALB stock in the near-term.
Tying It All Together
All-in-all, there look to be many advantages for investors & traders when it comes to Albemarle Corp.’s stock.
Investors may like their safe, yet small dividend yield, as well as their valuation.
Traders will like their current bullish momentum, as well as the sentiment behind their current calls:puts ratio.
ALB stock is worth taking a closer look at, regardless of your trading style & timeframes.
*** I DO NOT OWN SHARES OF ALB STOCK ***