In a welcome move, Albemarle saw its Relative Strength Rating rise from 67 to 73 on Monday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they launch their largest climbs. See if Albemarle can continue to show renewed price strength and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buy zone in heavy trade.
Earnings grew 175% last quarter, up from 0% in the prior report. Revenue also increased, from -21% to -7%.
Albemarle holds the No. 15 rank among its peers in the Chemicals-Specialty industry group. Perimeter Solutions, NewMarket and Ingevity are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
