Albemarle (ALB)

by | Oct 14, 2021 | Daily Trade Alerts

Earlier this week, we highlighted an opportunity in Lithium Americas (LAC) around $21.76. This morning, the LAC stock is set to open at $25.86. Then, just yesterday, we highlighted Livent Corporation (LTHM) around $25.83. This morning, LTHM is set to open at $26.50.

Sticking with the lithium boom, take a look at Albemarle (ALB).

At the moment, the ALB stock is consolidating around $223 a share. From here, if it can break above $232.24, it could potentially test $250 shortly after. All as the lithium story heats up. Not only is demand still accelerating, but so is the electric vehicle boom. Helping, Citi just raised its price target on the ALB stock to $266 from $262.

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