Keep an eye on Albemarle (ALB).
It’s safe to say the pullback in lithium has become overkill. Not only are lithium prices starting to bottom out, but lithium is likely to see further, heavy demand with growing demand for electric vehicles – all of which is bullish for ALB.
Better, ALB is ridiculously oversold at $92.77. It’s over-extended on RSI, MACD and Williams’ %R, with a yield of 1.66% to boot. Its latest dividend of 40 cents is payable on July 1 to shareholders of record as of June 14.